Friday, October 31, 2008

Case Schiller reports home prices post record decline, WSJ 10/28/08

Excerpts:

"The indexes showed home prices in 10 major metropolitan areas fell a record 17.7% in August from a year earlier and 1.1% from July. The drop marks the 10-city index's 11th-straight monthly report of a record decline. In 20 major metropolitan areas, home prices dropped 16.6% from the prior year, also a record, and 1% from July.

Both the 10-city and 20-city composites have been declining year over year for 20 straight months.

Month-to-month decliners were led by San Francisco, which posted a 3.5% drop. Phoenix, Las Vegas and San Diego each had declines of more than 2%."

Miller Samuel is an authority of New York City market reports.

http://www.millersamuel.com/reports/
Here's the link to Streeteasy's 3Q'08 Manhattan market report. Streeteasy has significantly changed the game by providing key stats to consumers, eg PSF, sale history...

http://docs.streeteasy.com/2008Q3_Report.pdf
Survey: The World's Next Great Cities - Realtor Magazine
http://www.realtor.org/RMODaily.nsf/pages/News2008102804?OpenDocument