Wednesday, October 29, 2014

City-by-City Look at House Prices, Including the New California Slowdown

Here’s a city-by-city look at house prices using the S&P/Case-Shiller 20-city composite.

CityOne-month percentage changeOne-year percentage change
Atlanta0.4%5.3%
Boston0.1%5%
Charlotte-0.1%2.5%
Chicago0.4%2.9%
Cleveland0.3%0.8%
Dallas0.5%7.3%
Denver0.5%6.3%
Detroit0.8%7%
Las Vegas0.5%10.1%
Los Angeles0%6.8%
Miami0.3%10.5%
Minneapolis0.3%3.9%
New York0.4%3.1%
Phoenix0.2%4.3%
Portland0.3%7.2%
San Diego-0.1%6.2%
San Francisco-0.4%9%
Seattle0%6.6%
Tampa0.2%5.5%
Washington0%3.1%
• Detroit had the biggest monthly gain, of 0.8%.
• The Sun Belt region saw its worst annual returns since 2012.
• Every city apart from Cleveland saw its annual gains decelerate.
• Every city but Boston and Detroit saw their monthly returns in August lower than in July.
• Miami now sports the fastest annual growth, at 10.5%.
• From the peak in the summer of 2006, home prices nationally are down 17%, while the recovery from the March 2012 lows is 29.5%.

(Chart compiled by MarketWatch)

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