Local Home Prices Fall
The S&P Case/Shiller home price index has announced that single family home prices in Tampa Bay fell another 3.2-percent in July as compared to July of 2009. This was the third highest drop among the 20 metro markets tracked by the well-respected index.
Nationwide, home prices were up 3.2-percent for July versus a year earlier, and half the cities surveyed showed strong gains. San Francisco was up 11.2-percent, San Diego up 9.3-percent, and Los Angeles up 7.5-percent.
The biggest losses took place in Las Vegas, down 4.9-percent, and Charlotte, N.C., down 3.5-percent. Tampa Bay suffered the nation's third worst price drop at 3.2-percent.
Condos are not included in the survey.
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Nationwide, home prices were up 3.2-percent for July versus a year earlier, and half the cities surveyed showed strong gains. San Francisco was up 11.2-percent, San Diego up 9.3-percent, and Los Angeles up 7.5-percent.
The biggest losses took place in Las Vegas, down 4.9-percent, and Charlotte, N.C., down 3.5-percent. Tampa Bay suffered the nation's third worst price drop at 3.2-percent.
Condos are not included in the survey.
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posted by Terry Ward at 3:39 AM
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