Thursday, February 3, 2011

9 cities reach new lows in home prices (S&P/Case-Shiller)

"Home prices were down in 16 of the 20 MSAs compared to a year ago, with just Los Angeles, San Diego, San Francisco and Washington, D.C., showing increases. On a month-to-month comparison in the 20-city composite, 19 of 20 had home price declines with only San Diego recording a scant 0.1% increase.

Nine markets - Atlanta; Charlotte, N.C.; Chicago; Detroit; Las Vegas; Miami; Portland, Ore.; Seattle and Tampa, Fla., - hit their lowest points since home values peaked in 2006 and 2007, meaning that average home prices in those markets have fallen even further than the lows set in the spring of 2009.

Source is here.


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