Home Prices Continue Their Decline
The chart below shows the home price indexes released this past month from Core Logic (blue line) and Case Shiller (red and yellow line). The price declines continue month, after month, after month. Buckle up because we have just under 10 million (if price declines stopped today) homes in shadow inventory waiting on deck to flood the market with supply.
"The trend is down, and there are few, if any, signs in the numbers that a turning point is close at hand," says David Blitzer," chairman of S&P's index committee.
"The trend is down, and there are few, if any, signs in the numbers that a turning point is close at hand," says David Blitzer," chairman of S&P's index committee.
November home prices
Metro area |
Index Nov. 2011
|
Chg. from Oct.
|
Chg. from Nov. 2010
|
![]() | |||
Atlanta |
88.93
|
-2.5%
|
-11.8%
|
![]() | |||
Boston |
150.34
|
-1.6%
|
-1.6%
|
![]() | |||
Charlotte |
111.25
|
-0.5%
|
-1.9%
|
![]() | |||
Chicago |
112.46
|
-3.4%
|
-5.9%
|
![]() | |||
Cleveland |
98.94
|
-0.8%
|
-1.1%
|
![]() | |||
Dallas |
113.97
|
-1.3%
|
-0.8%
|
![]() | |||
Denver |
124.79
|
-0.5%
|
-0.2%
|
![]() | |||
Detroit |
70.66
|
-2.4%
|
3.8%
|
![]() | |||
Las Vegas |
91.41
|
-1.0%
|
-9.1%
|
![]() | |||
L.A. |
163.92
|
-1.0%
|
-5.4%
|
![]() | |||
Miami |
137.47
|
-0.5%
|
-4.4%
|
![]() | |||
Minneapolis |
113.25
|
-0.6%
|
-5.0%
|
![]() | |||
New York |
165.66
|
-1.1%
|
-2.3%
|
![]() | |||
Phoenix |
101.12
|
0.6%
|
-3.6%
|
![]() | |||
Portland |
133.26
|
-1.6%
|
-4.8%
|
![]() | |||
San Diego |
151.45
|
-0.9%
|
-5.4%
|
![]() | |||
San Fran. |
129.78
|
-1.9%
|
-5.5%
|
![]() | |||
Seattle |
132.65
|
-1.2%
|
-6.3%
|
![]() | |||
Tampa |
125.32
|
-1.1%
|
-6.1%
|
![]() | |||
Washington |
184.75
|
-1.1%
|
0.5%
|
h/t Calculated Risk, USA Today
Comments
Post a Comment