Jay Hancock's blog: Metro Washington: Medium-bad home-price decline - Economic navigation and sightseeing

The Baltimore Sun > Business > Jay Hancock's blog

« How the president can fix the economy and every problem | Main | The Associated Press's innumeracy »

January 29, 2008

Metro Washington: Medium-bad home-price decline

The latest Case-Shiller home-price numbers are out this morning. As expected, not pretty. A composite index of home prices in 20 cities fell 7.7 percent for the 12 months ended in November. A 10-city index fell 8.4 percent compared with November 2006. That's about how prices did in Washington (and presumably, Baltimore). The Washington index 7.8 percent for the period -- right with the pack. The worst performers were Miami (minus 15.1 percent), Las Vegas (minus 13.2 percent) and Detroit (minus 13 percent). The best performers were Charlotte (plus 2.9 percent) and Seattle (plus 1.8 percent).

The full Case-Shiller press release is here. The AP story is here. An easy-to-read HTML table of the results is on Calculated Risk, here.

Posted by Jay Hancock at 10:56 AM | Permalink | Comments (0)

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please enter the letter "w" in the field below:

About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.

-- ADVERTISEMENT --