Slumping financial markets, a housing industry in disarray, and consumer confidence levels at all time lows are just a few of the factors contributing to falling home prices around the U.S. The Standard & Poor’s Case-Shiller Index, which compares only pre owned home sales, revealed that home prices have fallen 16.3% around 20 U.S. cities. Dallas Real Estate, with a decline of 2.5%, and Charlotte Real Estate at 1.8%, had the smallest decline in prices.
Percentage change in home prices from July 2008 compared with 2007:
Charlotte…….-1.8%
Dallas…………-2.5%
Denver………..-4.7%
Boston………..-5.4%
Portland………-6.6%
New York…….-7.4%
Cleveland…….-7.8%
Atlanta………..-8.2%
Seattle…………-8.2%
Chicago……….-10.0%
Minneapolis….-13.1%
Washington…..-15.8%
Detroit………….-16.7%
Tampa………….-19.4%
San Francisco..-24.8%
San Diego……..-25.0%
Los Angeles…..-26.2%
Miami……………-28.2%
Phoenix………..-29.3%
Las Vegas……..-29.9%
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