A Look at Case-Shiller Numbers, by Metro Area

CoolMax

By Phil Izzo

The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, continued to post record declines in January.

 

In the 20-city index, no area experienced year-over-year price gains, the tenth straight month that has happened. Further, none of the cities managed to avoid month-to-month declines for the fourth month in a row.

 

Phoenix, Las Vegas and San Francisco continued to lead year-over-year decliners, with drops over 30%. Minneapolis continued to have large month-to-month drops, while the rate of decline accelerated in Chicago and Tampa.

 

Dallas, Denver, Cleveland, Boston, Charlotte and New York managed to avoid double-digit year-over-year declines. However, all of the 20 metro areas are in double digit declines from their peaks, with nine posting declines of greater than 30% and five of those (Las Vegas, Miami, Phoenix, San Francisco and San Diego) in excess of 40%.

 

“The large inventory overhang will continue to weigh on prices for some months yet. They could fall another 10%,” said Paul Dales, U.S. economist at Capital Economics. “Nevertheless, the more recent rise in mortgage applications and the rebound in home sales has made us hopeful that the rate of decline in house prices will soon moderate.”

 

Relate Post: Who’s Still Investing in Real Estate?

• See the full S&P/Case-Shiller report.
• Read full story: No Relief From Home-Price Drops

Below, see data from the 20 metro areas Case-Shiller tracks, sortable by name, level, and year-over-year change — just click the column headers to re-sort.

(About the numbers: The Case Shiller indices have a base value of 100 in January 2000. So a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the metro market.)

 

Home Prices, by Metro Area

Metro Area	January 2009	Change from December	Year-over-year change
Atlanta	109.44	-3.20%	-14.30%
Boston	150.73	-1.50%	-7.30%
Charlotte	120.91	-1.20%	-8.20%
Chicago	130.8	-4.60%	-16.40%
Cleveland	102.89	-2.20%	-5.20%
Dallas	112.75	-2.40%	-4.90%
Denver	122.33	-2.70%	-5.10%
Detroit	77.56	-4.20%	-22.60%
Las Vegas	125.64	-4.40%	-32.50%
Los Angeles	166.54	-2.80%	-25.80%
Miami	159.04	-3.60%	-29.40%
Minneapolis	120.18	-4.70%	-20.40%
New York	181.28	-1.20%	-9.60%
Phoenix	117.11	-5.50%	-35.00%
Portland	153.8	-3.00%	-14.00%
San Diego	148.25	-2.60%	-24.90%
San Francisco	124.33	-4.40%	-32.40%
Seattle	154.37	-3.60%	-15.00%
Tampa	149.21	-4.40%	-23.30%
Washington	171.97	-2.00%	-19.30%

Source: Standard & Poor’s and FiservData

raise3

qiangge

灌水赚分啊

顶老大。

另加一句：

"Hope is always found in the most unlikely spaces."

I am not a big fan for Obama at all but I happen to agree with him on this.

and stock market is built on HOPE.

源济

soulvirus