From housing boom to bust: What's happened to prices
In the last three years, single-family home prices have fallen 18 percent in the Baltimore metro area, according to Fiserv. A lot better than some places, from a seller's perspective. A lot worse than others.
Ninety metro areas saw bigger price drops than we did. Topping that list is Merced, Calif., where prices fell 64 percent -- yes, more than HALF -- between the first quarter of 2007 and 2010. Detroit is second, at 58 percent.
Just over 290 metro areas, on the other hand, had smaller price drops -- or no drops at all. Five metro areas, four of them in Texas, are up more than 10 percent vs. 2007.
Fiserv, which puts the Case-Shiller indexes together with Standard & Poor's, compares repeat sales of the same homes to try to get at the true change in housing values.
But a metro-wide average will inevitably hide swings one direction or another in individual communities. Do you live in a neighborhood where prices are down significantly more -- or less -- than 18 percent since 2007?