Real Estate Market Double Dip
According to the S&P/Case-Shiller index of home prices in 20 cities, home values are down 32% from their peak set in May of 2006.
S&P/Case-Shiller just reported that February home prices sank 3.3% to just above the post-crisis lows reached in April 2009. It was the seventh straight month of declines.
The only housing market in the 20 cities followed, only Washington recorded a price increase from last year of 2.7%. Read more 
San Diego Home Price Appreciation Eases
San Diego home prices
San Diego home prices slow down in August according to the S&P/Case-Shiller Home Price Indices. Annual growth rates slowed down in the three California cities, with Los Angeles, San Diego and San Francisco posting annual gains of +5.4%, +6.9% and +7.8%, respectively – a significant drop from the +7.5%, +9.3% and +11.2% reported for July.
Seventeen of the 20 cities and the Composites saw a weakening in year-over-year figures, as compared to July.
With August data, we find that 15 of the 20 MSAs and both Composites saw prices fall from their July values. Chicago, Detroit, Las Vegas, New York and Washington DC were the only five cities that recorded margina l improvements in home prices over July. The 10- and 20-City Composites were down 0.1% and 0.2%, respectively, in August versus July.
The table below summarizes the results for August 2010. The S&P/Case-Shiller Home Price Indices are revised for the 24 prior months, based on the receipt of additional source data.
| August 2010 | August/July | July/June | |||
| Metropolitan Area | Level | Change (%) | Change (%) | 1-Year Change (%) | |
| Atlanta | 109.09 | -0.8% | 0.3% | -2.0% | |
| Boston | 158.35 | -0.3% | 0.6% | 1.5% | |
| Charlotte | 116.60 | -0.4% | -0.2% | -3.4% | |
| Chicago | 126.70 | 0.4% | 1.0% | -2.9% | |
| Cleveland | 107.00 | -0.3% | 0.0% | -0.4% | |
| Dallas | 119.41 | -1.1% | -0.3% | -1.7% | |
| Denver | 128.57 | -0.1% | -0.4% | -1.2% | |
| Detroit | 71.54 | 0.5% | 1.6% | -0.1% | |
| Las Vegas | 101.03 | 0.1% | -0.8% | -4.5% | |
| Los Angeles | 175.55 | -0.4% | 0.3% | 5.4% | |
| Miami | 147.47 | -0.3% | 0.7% | -1.0% | |
| Minneapolis | 126.53 | -0.3% | 0.7% | 2.9% | |
| New York | 175.27 | 0.2% | 1.2% | 0.1% | |
| Phoenix | 108.84 | -1.3% | -0.6% | 0.4% | |
| Portland | 147.02 | -0.9% | -0.3% | -2.3% | |
| San Diego | 163.99 | -0.6% | 0.7% | 6.9% | |
| San Francisco | 142.83 | -0.3% | 0.5% | 7.8% | |
| Seattle | 145.93 | -0.8% | 0.1% | -2.4% | |
| Tampa | 137.53 | -0.5% | -0.2% | -4.1% | |
| Washington | 188.26 | 0.3% | 1.0% | 4.8% | |
| Composite-10 | 162.13 | -0.1% | 0.8% | 2.6% | |
| Composite-20 | 148.59 | -0.2% | 0.6% | 1.7% | |
| Source: Standard & Poor’s and Fiserv | |||||
| Data through August 2010 | |||||
California home foreclosures
Home Prices Rise in 18 of 20 Metropolitan Areas
home prices
According to the Standard & Poors Case-Shiller home price index, home prices rose 0.8% in April compared to March in 18 of the 20 metropolitan areas surveyed. This is the first monthly home price increase after six consecutive months of declines.
According to the index, home prices have moved up 3.8% in the last year. Read more
Real Estate Home Value Reality Check
home values forecast
Fewer homeowners expect to see the value of their homes decline in the year ahead, but they also believe gains are unlikely, according to a survey by Thomson Reuters and the University of Michigan. About 15 percent of homeowners say they expect their home’s value to decline, down from 26 percent who said the same in the first quarter of 2009.
Home Price Index Drops
home prices
It was reported today that the Case-Shiller 20-city home price index fell 0.5% in March from February, but prices rose 2.3% from March 2009, which was the second straight year-over-year gain. Home prices have risen about 3% nationally from their April 2009 bottom, but they are still nearly 31% below their July 2006 peak.
Largest Expected Home Price Appreciation
The May 2010 edition of Money had an article on the best places for home – price increases. The home price changes they projected are for the second quarter of 2010 to the second quarter of 2012. We took the top six metro areas from this Money article and produced the graph below:
Home price appreciation
San Diego real estate attorney