Good News! Case-Shiller Home Price Index Didn't Break a Record in February
The Standard and Poor’s Case-Shiller Home Price Index for the month of February did not break any records. And that is a good thing.
The monthly report, released Tuesday, showed that home prices in the twenty U.S. cities that the report covers fell at an annual rate of 18.6 percent between February 2008 and February 2009. That rate of decline was slightly lower than the 19 percent reported for January, but more importantly, the annual rate of decline did not set a new record for the first time in sixteen months.
In January, the statistics for the DC area were in line with the national rate as residential property prices in the city dropped 19.3 percent in the last year. That number dropped only slightly in February to 19.2 percent.
This article originally published at https://dc.urbanturf.com/articles/blog/good_news_case-shiller_home_price_index_didnt_break_a_record_in_february/849.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »
Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »
Plans for the development at a prominent DC intersection began nearly eight years ago... read »
The eight-bedroom, 35,000 square-foot home in McLean originally hit the market in 202... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro