Case Shiller Index: Negative Numbers Across the Board
Home prices in the New York City area in February fell 1.6 percent from January and about 10 percent from a year before, according to new numbers from the Case-Shiller Index. Those drops were relatively benign compared to some parts of the country: Las Vegas and San Francisco all experienced year-over-year declines of over 30…
Home prices in the New York City area in February fell 1.6 percent from January and about 10 percent from a year before, according to new numbers from the Case-Shiller Index. Those drops were relatively benign compared to some parts of the country: Las Vegas and San Francisco all experienced year-over-year declines of over 30 percent while Phoenix achieved the distinction of being the first city to have its real estate values fall more than 50 percent from the 2006 peak. Some of the hardest hit regions have begun to show signs of stabilizing, as low prices, the proliferation of foreclosure sales and low interest rates have lured some buyers back to the table. Still, predictions for future declines across the country from so-called experts range from just 5 percent to as much as 33 percent. A chart from the Wall Street Journal of percentage changes in the nation’s 20 largest cities is on the jump.
Phoenix Leads the Way Down in Home Prices [NY Times]
City Lags As Nation Hits Home Runs [NY Post]
A Look at Case-Shiller Numbers [WSJ]
NYC Price graph from The New York Times
“I’ve only been in jail once and that was in Hong Kong.”
So your slot goes from left to right?
The What
Someday this war is gonna end..
What…I’ve never been in a mental hospital. I’ve only been in jail once and that was in Hong Kong. i didn’t experience what you did.
From Albany…my mother’s first cousin is Kirsten Gillibrand’s mother. Her mother ran the Albany democratic machine for years and was the mayor’s “confidant.”
“Since I was born “upstate,” Upstate to me means the Adirondacks. Really nice up there.”
Mental Hospitals do not count Dave.
“No, not Lodi. Upstate.”
Nooooooo Don’t “dis” my hood! Lodi is great for scoring drugs…
The What (Lodi’s Finest!)
Someday this war is gonna end…
My father is from Auburn; other family from Binghamton; great uncle was a state senator. I know from upstate.
Since I was born “upstate,” Upstate to me means the Adirondacks. Really nice up there.
“Own,” not “won.” Wish I had won one.
Lechacal is correct that when its a matter of degrees the conversation gets pretty boring, which is where we are now. Calling the bottom, though you won’t hear me doing it with my lack of market savvy, will certainly provide more interesting grist for the mill. In the mean time we all get treated to more and more repetitive arguments on unknowable outcomes.
Dave –for the record, I won a home –a v beautiful one, in fact; though not in Brooklyn. (No, not Lodi. Upstate.)