Case Shiller Report For July, 2008 Not All Bad : The Real Estate Bloggers

Case Shiller Report For July, 2008 Not All Bad

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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 August 2008 Numbers - Financial Crisis Takes Toll
  2. Case Shiller June, 2008 Numbers
  3. Case Shiller Report Down 15.3% For April 2008 In Past Year
  4. 20 City Case Shiller May 2008 Analysis
  5. Case Shiller Shows 15.4 Decline in 2nd Quarter, 2008



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    • It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
      Andy-Ann Arbor real estate | 20Nov08 | More
    • The part about the inventory is right on but in my area they are mostly low end and beat up ...
      Tom@duluth homes | 19Nov08 | More
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      Michelle | 19Nov08 | More
    • You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
      Rhea | 19Nov08 | More
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      Broderick Perkins | 19Nov08 | More
    • I couldn't agree more. The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
      Doug Quance | 18Nov08 | More
    • By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
      JM | 17Nov08 | More
    • Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
      Rochester MN Real Estate | 17Nov08 | More
    • well, the guy was here illegally. serves him right.
      ryan | 17Nov08 | More
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