It looks like the next wave of housing price pressure, the credit crunch, is showing it’s full colors.
Every city in the 20 city study had a month over month and a year over year decline. San Francisco took a huge hit down 3.9 percent since August, while Cleveland held it’s price the best with only a 0.6 percent decline.
Year over year Dallas held prices the firmest, down 2.7 percent. Phoenix was down for the year by 31.9 percent.
Ouch…
Case Shiller Report For September 2009
Metro Area 09-08 8-08 to 9-08 9-07 to 9-08 Atlanta 122.72 -1.3% -9.5% Boston 160.98 -1.1% -5.7% Charlotte 130.40 -1.3% -3.5% Chicago 147.84 -1.1% -10.1% Cleveland 109.87 -0.6% -6.4% Dallas 121.96 -0.8% -2.7% Denver 130.96 -1.3% -5.4% Detroit 90.17 -2.5% -18.6% Las Vegas 146.58 -2.6% -31.3% Los Angeles 184.54 -2.5% -27.6% Miami 178.72 -2.6% -28.4% Minneapolis 140.51 -1.0% -14.4% New York 191.32 -1.0% -7.3% Phoenix 139.79 -3.5% -31.9% Portland 169.67 -1.3% -8.6% San Diego 164.12 -2.4% -26.3% San Francisco 145.53 -3.9% -29.5% Seattle 172.84 -1.4% -9.8% Tampa 171.24 -1.8% -18.5% Washington 189.90 -2.2% -17.2%
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