Case-Shiller Home Price Indicies Down in Most Markets
The November (released in January) S&P/Case-Shiller home price indicies were down in each of the 20 markets followed except for San Diego. In Florida, Miami was down .2% from October while Tampa was down .8%. The national composite index was down 1%.
The poorest performing region was the midwest with Chicago down 2.2%, Detroit down 2.7%, Minneapolis down 2.1%, and Cleveland down 2%.
The strongest region was the west with San Diego actually increasing .1%, LA down .4%, San Franciso down 1.2%, and Phoenix down 1.1%. The northwest was worse but still not horrible with Portland down 1.6% and Seattle down 1.1%
For a description of the how the indicies are developed and a multiyear history of all 20 indicies, visit the S&P website.
A historical chart of the Tampa, Miami, and National Composite index is shown below. Prices are back to the beginning of 2003.