RSS Feed by Calculated Risk on 1/29/2008 09:17:00 AM
Tuesday, January 29, 2008
S&P Case-Shiller Composite: House Prices Fall 7.7%
Correction (hat tip Whiskey): the composite 10 is down 8.4% (ten cities), the composite 20 is down only 7.7%.
Here is the S&P/Case-Shiller data.
Here is the year over year change in both October and November for 20 large U.S. metropolitan areas (not the entire U.S.). Prices are falling in every city in the index (even the three cities with rising year-over-year prices are seeing falling prices on a monthly basis).
| City | YoY Price Change, October | YoY Price Change November |
| Charlotte - NC | 4.3% | 2.9% |
| Seattle - WA | 3.3% | 1.8% |
| Portland - OR | 1.9% | 1.3% |
| Dallas - TX | -0.1% | -1.2% |
| Atlanta - GA | -0.7% | -2.0% |
| Denver | -1.8% | -3.1% |
| Chicago | -3.2% | -3.9% |
| Boston | -3.6% | -3.0% |
| New York | -4.1% | -4.8% |
| Cleveland - OH | -4.5% | -5.8% |
| Minneapolis- MN | -5.5% | -6.6% |
| San Francisco | -6.2% | -8.6% |
| Washington | -7.0% | -7.8% |
| Los Angeles | -8.8% | -11.9% |
| Phoenix - AZ | -10.6% | -12.9% |
| Las Vegas | -10.7% | -13.2% |
| San Diego | -11.1% | -13.4% |
| Detroit - MI | -11.2% | -13.0% |
| Tampa - FL | -11.8% | -12.6% |
| Miami | -12.4% | -15.1% |
| Composite-20 | -6.1% | -7.7% |
