Case Shiller Report Down 15.3% For April 2008 In Past Year
Breaking, I will update this later on today. The one silver lining is that the experts were predicting a 16 percent drop.
he S&P Case-Shiller home price continued to deteriorate in April as the 20-city composite index posted a record annual decline of 15.3%. The Case-Shiller index has fallen every month since peaking in July 2006.
The month-to-month decline in home prices was 1.36%, compared to the 2.17% loss in the previous month.
The 10-city composite index fell an annual 16.35%. via CEP News
Here are the stats for April’s year over year for the Top 10 and Top 20 cities thanks to our friend Fritz Siebel at Tradition Financial Services, Inc.
Top 10 Housing Markets in Case Shiller Index
CME Apr 07 v Apr 08
Boston -6.40%
Chicago -9.30%
Denver -4.70%
Las Vegas -26.80%
Los Angeles -23.10%
Miami -26.70%
New York -8.40%
San Diego -22.40%
San Francisco -22.10%
Washington DC -14.80%
10-C -16.30%
11 – 20 Top Housing Markets in Case Shiller Index
CME Apr 07 v Apr 08
Atlanta -7.50%
Charlotte -0.10%
Cleveland -6.80%
Dallas -3.40%
Detroit -18.00%
Minneapolis -15.50%
Pheonix -25.00%
Portland -4.70%
Seattle -4.90%
Tampa -20.40%
20-C -15.30%
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