USA Today
NEW YORK (AP) — A widely watched index shows home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.
The Standard & Poor’s/Case-Shiller U.S. National Home Price Index was down 18.2% in the fourth quarter from a year ago, largest drop in its 21-year history. Prices are now at levels last seen in third quarter 2003.
In December, the Case-Shiller 20-city index was down 18.5% from December 2007, while the 10-city index dropped 19.2%.
Prices in the 20-city index have plummeted 27% from their peak in the summer 2006, and the 10-city index has fallen more than 28%.
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HOME PRICES DROP AGAIN
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Dec. 2008
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Change from Nov.
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Change from Dec. 07
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|
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Atlanta
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113.87
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-2.30%
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-12.10%
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Boston
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153.05
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-1.30%
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-7.00%
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Charlotte
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122.41
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-2.50%
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-7.20%
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Chicago
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137.16
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-3.00%
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-14.30%
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Cleveland
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105.21
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-2.10%
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-6.10%
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Dallas
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115.63
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-2.30%
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-4.30%
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Denver
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125.74
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-1.50%
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-4.00%
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Detroit
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80.93
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-3.00%
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-21.70%
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Las Vegas
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131.4
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-4.80%
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-33.00%
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L.A.
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171.46
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-2.50%
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-26.40%
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Miami
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165.01
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-2.70%
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-28.80%
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Minneapolis
|
127
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-4.60%
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-18.40%
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New York
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183.5
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-1.70%
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-9.20%
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Phoenix
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123.93
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-5.10%
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-34.00%
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Portland
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158.5
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-2.50%
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-13.10%
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San Diego
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152.16
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-2.10%
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-24.80%
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S.Fran
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130.12
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-3.80%
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-31.20%
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Seattle
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160.19
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-3.60%
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-13.40%
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Tampa
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156.04
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-3.00%
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-22.00%
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Washington
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176.34
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-2.20%
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-19.20%
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10 cities
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162.17
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-2.30%
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-19.20%
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20 cities
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150.66
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-2.50%
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-18.50%
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Note: index=100 in 2000
Source: S&P, Fiserv
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This entry was posted
on Tuesday, February 24th, 2009 at 12:00 pm and is filed under Real Estate Related.
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