Case Shiller Report For July, 2008 Not All Bad

With all of the economic turmoil, negative press, and genuine feeling of pessimism across the country about the real estate market, there are some bright spots as bottoms are being found. Minneapolis turned the corner as has Denver, Dallas, Detroit (OMG), Boston, and Atlanta.

Of course the bubble cities of Las Vegas, Phoenix, LA, San Diego, and Miami are struggling, but that is to be expected. Pricing in these cities are still out of whack even after the horrendous declines for potential homeowners in some and others just are still absorbing huge inventories.

So look at the Case Shiller numbers presented in a slightly different way from how the evening news will. They will lead with the worst while I will show the best we have to offer.

               Jun 08 v Jul 08 Jul 07 v Jul 08

Minneapolis             1.93    -13.10%
Denver                  1.01    -4.70%
Dallas                  0.78    -2.50%
Detroit                 0.53    -16.70%
Boston                  0.27    -5.40%
Atlanta                 0.15    -8.20%
Tampa                   -0.04   -19.40%
Cleveland               -0.32   -7.80%
Charlotte               -0.44   -1.80%
Chicago                 -0.53   -10.00%
Portland                -0.82   -6.60%
New York                -1.47   -7.40%
Seattle                 -1.77   -8.20%
Washington DC           -2.11   -15.80%
San Francisco           -2.95   -24.80%
Miami                   -3.03   -28.20%
San Diego               -3.17   -25.00%
Los Angeles             -3.19   -26.20%
Phoenix                 -4.1    -29.30%
Las Vegas               -4.36   -29.90%

20 City Average         -1.46   -16.30%

Related posts:
  1. Case Shiller Report For May 2009 – Real Estate Looking Better
  2. Case Shiller June 2009 Report is Full of Good News!!!

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    • Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
      Pete | 21Mar10 | More
    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
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