Home Prices Still Falling — Chart of the Day
Kurt Brouwer June 24th, 2008
The downturn in residential real estate is nationwide although the variation among cities is significant. The chart above illustrates what has happened in two groupings of cities. However, the Case Shiller Index covers annual rates of growth or decline in home prices. It does not demonstrate the actual value of these homes over time. With the fall in home prices, it is generally accepted that home prices in much of the country are back to the levels of 2004.
However, the table below illustrates the wide range of falling prices across the country. Clearly, homeowners in Charlotte are happier than their counterparts in Phoenix, Las Vegas or Miami.
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- Economy , Personal Finance
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