Hojin's SW Orlando Real Estate Scoop

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Case Shiller Shows Decline to 2004 Levels

July 29th, 2008 · No Comments

The numbers for the S&P Case Shiller Index were released today and they weren’t good. It revealed that home prices throughout the country have dropped down to 2004 levels. The 20 city index fell 15.8% from a year ago and the 10 city index fell 16.9%.

Las Vegas saw the worst declines with prices dropping 28.4% and Miami not much better with a drop of 28.3%. The Tampa area which represents Orlando had a year over year decline of 20.2%.

Tags: Market Statistics