National Home Prices Are Close to the 2009Q1 Trough According to the S&P/Case-Shiller Home Price Indices

S&P/Case-Shiller Home Price Indices chart
February 22, 2011

• San Diego and Washington DC as the only two cities where home prices are

increasing on a year-over-year basis, +1.7% and +4.1%, respectively

• Despite improvements in the overall economy, housing continues to drift

lower and weaker.

• California is doing better with gains from their low points in Los Angeles, San Diego

and San Francisco.

• At the other end is the Sun Belt – Las Vegas, Miami, Phoenix and Tampa. All four

made new lows in December.