Tag Archive | "Home Price Index"

Prices lowest since crises began.

The latest Standard & Poors S&P Shiller Home Price Index which came out Tuesday doesn’t bode well for the Cities at all.

In case you don’t know, I am referring to an index which is a composite 20 metropolitan area indices. It is a 3 month moving average of house prices.

Only one of the 20 metro areas showed an increase in prices from a year ago. That means 19 showed prices continuing to fall. And the greatest decline in prices, percentage-wise from those 19 metro areas – was…. yes you guessed it – Minneaplois.

Housing prices fell 10% in March from the same time frame in 2010.

It looks like prices have dipped to the lowest point since this real estate crisis started.

How low can we go? Good question. I wish I knew the answer.

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