Tuesday, November 30, 2010

Latest Report on Home Prices


Home prices continued downward. Prices in November fell 1.5% versus year ago prices. The Case Schiller Report covers 20 major metropolitan areas. The index is set with January 2000 equal to 100. The index for Boston is 156.28 which indicates that prices are 56% higher than they were in January 2000. This compares with cities like Detroit which has a current index of 71. Prices fell in most cities year to year but they increased .04% in the Boston area.

In general, the rate of decline has decreased nationally but some cities still show substantial price declines. Along with Boston, there are other bright spots with DC at the top of the list. K Street keeps growing.

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