Prices Falling More Slowly
Here's some good news: it appears that home prices are falling more slowly in the Tampa Bay area.
According to the just released Standard & Poor's Case-Shiller home price index, home prices in the Tampa Bay area fell 2.1 percent in April. Prices fell 3.36 percent in March. To be honest, this is kind of like being shot with a smaller bullet because home prices have fallen a whopping 20.4 percent since April 2007. I guess what we are really seeing is a slowdown in the velocity of the bullet, and I think that's a sign that we may be beginning to head for some kind of price stabilization.
By the way, for those who may be trying to figure out if they bought at the "top of the market", well, according to Case-Shiller, prices peaked in the Tampa Bay area in July of 2006. If you bought in that month, well ...
For more information on real estate in the Tampa Bay area, visit my website at http://www.thestpeterealestatesite.com/.
According to the just released Standard & Poor's Case-Shiller home price index, home prices in the Tampa Bay area fell 2.1 percent in April. Prices fell 3.36 percent in March. To be honest, this is kind of like being shot with a smaller bullet because home prices have fallen a whopping 20.4 percent since April 2007. I guess what we are really seeing is a slowdown in the velocity of the bullet, and I think that's a sign that we may be beginning to head for some kind of price stabilization.
By the way, for those who may be trying to figure out if they bought at the "top of the market", well, according to Case-Shiller, prices peaked in the Tampa Bay area in July of 2006. If you bought in that month, well ...
For more information on real estate in the Tampa Bay area, visit my website at http://www.thestpeterealestatesite.com/.
-30-
posted by Terry Ward at 3:54 AM
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