The News From Case-Shiller: No Bottom In Sight

Posted by John Carney, Jun 24, 2008, 9:33am

The Case-Shiller home-price index fell in all twenty metro regions studied, the first time the index has measured a decline on a year over year basis in every market. The average decline in April was 15.3%, setting the record for the largest drop since the launch of the index in 2000. If there's a bright spot in this news it is in Charlotte and Dallas. Despite being down since last year, these two cities are now enjoying a second month of recovery. Boston, Chicago, Cleveland, Denver; Portland, Oregon and Seattle also saw a bit of recovery. Las Vegas and Miami, however, continue their freefall.


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Tags: Case-Shiller, Housing

Comments

Posted by mktmkr, Jun 24, 2008 9:53AM

Get Up Chicago!

Posted by guest, Jun 24, 2008 10:22AM

hilarious

Posted by guest, Jun 24, 2008 10:30AM

it went straight up for half of the averge bsd's lifetime. it's allowed to down a little bit.

Posted by guest, Jun 24, 2008 10:33AM

Chicago is the worst city in the world.

Posted by mktmkr, Jun 24, 2008 10:42AM

Based on what 10:33? Outside of the ridiculous cold winters I'd put Chicago up against any city of your choice.

Posted by Anal_yst, Jun 24, 2008 11:33AM

I like how no one finds this even remotely surprising, such to the point where 2 comments in, everyone has already moved on to ny vs. chicago vs. whatever mode (ala LSO comments).

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