Case-Shiller Home Price Index Posts Another Slight Decline for Miami

posted on March 30th, 2010 filed under: Real Estate Market Data

Same story as last month as far as the Case-Shiller Home Price Index for Miami is concerned.  The index for the three-month period ending in January registered 148.32, slightly lower than the 148.66 for the period ending in December.

Miami Real Estate Photos -- Biscayne Bay, Star Island & Miami Beach 3

For anyone interested in the New York metro area, that too posted a modest decline, from 171.91 to 171.27.  S&P says New York and Washington have held up best over the whole cycle, each still 70% higher than they were in January 2000.  That’s entirely believable, as other data show New York remains dangerously overpriced.  Anecdotally, I’m familiar with a home that sold at the top of the market in a New York suburb in 2005, and it’s back on the market now — for about the same price.    Hmm, New York and DC . . . bankers and politicians . . . best real estate markets.  Naaah, I’m sure it’s just a coincidence.

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posted by // This entry was posted on Tuesday, March 30th, 2010 at 10:34 pm and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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