Posted by: union03g | May 27, 2009

Checking in with S&P Case Shiller Index for March 09

Here is the peak to trough aggregate home prices in the top markets. Chicago looks to be somewhere in the middle of the pack but keep in mind that valuations are local and the West Loop is much different than Armitage Avenue. These graphs tell the story of Chicago: conservative, hard working people that allow less foreclosures than average. Chicago people tend to be alright with renting for the greater part of their life and haven’t been caught up in the ownership race like Californians – its not uncommon to find 40 year old renters in the city. Imagine what this chart would look like if we carved out the South Loop. And look at Boston – people must have their heads spinning trying to figure out the direction of the market.

case shiller peak declines 2009 03 Case Shiller: 1.5 Years of Price Gains Erased From Dec. to Mar.

case shiller redfin markets 2009 03 Case Shiller: 1.5 Years of Price Gains Erased From Dec. to Mar.

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