Case-Shiller Housing Price Index Chart, December 2008 - The Free Fall Continues

Mark Schill — Tue, 24 Feb 2009 10:57:18 -0500

S&P released the December Case-Shiller Housing Price Index data this morning: no market has been spared from the free fall. Steep price declines continue in ultra-bubble regions Las Vegas, Miami, San Diego, Phoenix, and Las Vegas. Even the relatively healthy markets of Charlotte, Dallas, and Atlanta have been sliding since mid-2008. Here's the line chart:

Cleveland is seeing the slowest decline, but that isn't saying much. My pick for healthiest markets? Denver, where prices are still up 25% from the 2000 baseline but still down 5.2% from the most recent upswing in July 2008. And Dallas, down 6.1% from the July 2008 peak and down 8.6% from June 2007. Dallas is up 22.9% since the Jan 2000 baseline.

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Case-Shiller Index, Housing Price Correction Continues

Mark Schill — Tue, 30 Dec 2008 11:38:32 -0500

Today's latest release of the Standard and Poor's Case-Shiller Housing Price Index indicates a continued price free fall across the board. Hyper-inflated markets such as Miami, Los Angeles, Washington, DC, San Diego, and Las Vegas continue to come back to earth. Check out the chart.

Even Charlotte, Denver, Dallas, and Atlanta, which seemed to be holding their own after never seeing a huge price escalation, seem to be sliding again since July. Cleveland seems to have stabilized, but Detroit continues its drop into a black hole. Home prices in Detroit have fallen to almost 14% below levels in early 2000.

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case-shiller

Case-Shiller Housing Price Index Chart, December 2008 - The Free Fall Continues

Case-Shiller Index, Housing Price Correction Continues