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Posts tagged ‘Standard & Poor’s/Case-Shiller’

28
Oct

Home Value Index – Largest Drop In History

San Diego real estate valuesThe Standard & Poor's/Case-Shiller 20-city housing index dropped a record 16.6 percent from August last year, the largest drop since its inception in 2000. The 10-city index plunged 17.7 percent, its biggest decline in its 21-year history.

Home value declines in Las Vegas and Phoenix surpassed 30 percent in August, according to Case-Shiller,  prices in Miami, Los Angeles, San Francisco and San Diego all fell more than 25 percent. 

No city in the index had a price increase for the last year. The lowest declines were in Dallas (2.7%) and Charlotte North Carolina (2.8%).

Prior related posts:

Real Estate Record Home Price Declines

San Diego Real Estate – 5th Largest Decline Through July

Survey Says Home Values Must Fall Another 14%

May Home Prices Take Biggest Drop Ever

Real Estate Prices Back to 2004 Levels

Home Prices … Sharpest Rate Drop in Two Decades

San Diego Home Values Fall 16.7%

Standard & Poor’s Index Shows Home-Price Declines As The Largest on Record

Home Prices — Largest Drop in 16 Years!