Home Prices Still Falling

I took a bit of break from Blogging, hoping that a year was enough time for the market to come back and adjust. So, the other day I took a look at the Case Schiller numbers and saw that not much has changed at all.

Here's the headline:


Home Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home Price Indice

Not very encouraging. Here's some info from the press release:

The 10-City Composite was down 2.0% and the 20-City Composite fell 3.1% from their January 2010 levels. San Diego and Washington D.C. were the only two markets to record positive year-over-year changes. However, San Diego was up a scant 0.1%, while Washington DC posted a healthier +3.6% annual growth rate

What were the worst performing cities? The usual suspects: Detroit, Atlanta, Miami, and Seattle. Now, Atlanta, Cleveland, Detroit and Las Vegas home prices are below their December 2000 levels.