Tuesday, November 24, 2009

National Housing Prices - Finding a Bottom?

There has been much reporting that the housing market may be improving (or perhaps has finally found a bottom). Above is a graph showing the price declines from the peak for each city included in S&P/Case-Shiller indices.

In Las Vegas, house prices have declined 55.4% from the peak. At the other end of the spectrum, prices in Dallas are only off about 4.7% from the peak - and up in 2009. Prices have declined by double digits from the peak in 18 of the 20 Case-Shiller cities.

[Credit to Calculated Risk BLOG]