Metro Washington: Middling home-price declines
A new home-price report is out today. Metro Washington (a decent proxy for metro Baltimore) does poorly but not disastrously. Home prices were down 15 percent in August 2008 from August 2007. They're down 22 percent from their all-time high. That's worse than Boston -- down 5 percent year-over-year and down 11 percent from the high. But it's a heckofa lot better than Las Vegas -- down 31 percent year over year and down 36 percent from the high. Chart if from TFS Derivatives via Big Picture.
