Housing declines by cityMarch 2, 2010Jon Brooks 1 Comment »
Last week the Commerce Department announced that new home sales had dropped to their lowest level in almost 50 years of tracking. Below is a chart of Case-Shiller-index price declines in real estate from 2007-9, by city. Posted on Dr. Housing Bubble.
Las Vegas has been the worst market for sellers, having dropped from 15% to 45% to a shocking 55% off the highest level, in 2007, 2008, and 2009, respectively. Phoenix, Miami, Detroit, and Tampa also continue to look just dreadful, while San Diego, San Francisco, Los Angeles, Washington, and Boston appear to have stabilized somewhat.