Publication Date:
Wed, 2012-05-30 16:28
Article Image:
Atlanta saw the greatest drop in home prices from the first quarter of 2011, according to the Case-Shiller Home Price Index, at 17.7 percent.
Home prices dropped year-over-year in 13 of the 20 metropolitan areas analyzed by the Case-Shiller Home Price Index, as indicated in the latest release of the index on Tuesday.
The 13 metropolitan areas that have seen home prices decrease over the last year include:
1. Atlanta (-17.7 percent)
2. Las Vegas (-7.5 percent)
3. Chicago (-7.1 percent)
4. Los Angeles (-4.8 percent)
5. San Francisco (-3 percent)
6. New York (-2.8 percent)
7. Portland (-2.8 percent)
8. San Diego (-2.7 percent)
9. Cleveland (-2.4 percent)
10. Seattle (-1.3 percent)
11. Boston (-1 percent)
12. Tampa (-1 percent)
13. Washington (-0.6 percent)
At the same time, however, prices increased on a month-to-month basis in eight of the 13 cities.
On the whole, home prices fell 1.9 percent year-over-year from the first quarter of 2011. The 20-City Composite Index fell 2.6 percent while the 10-City Composite dropped 2.8 percent.
To read the rest of the report, click here [1].
