The year in U.S. home prices
Courtesy of Tim Iacono at The Mess That Greenspan Made
Someone may have already compiled this chart this week after the release of the latest S&P Case-Shiller data on home prices on Tuesday. If so, it hasn’t crossed my computer screen, so it seemed like a good idea to create one here today in order to see how home prices have fared in the 20 metropolitan regions that the Case-Shiller Index follows.
Note that the October data is released in December and the October figures also include the months of August and September, so this is anything but a real year-end result, but since most people aren’t interested in "year in review" type stuff in March, this will have to do.
Don’t be surprised if, around this time next year, the financial media is talking about the strong real estate rebounds in Las Vegas and Phoenix – prices can’t keep falling forever.
