Home | Newsletter | Advertise
loading...

Case-Shiller: News is Good (For Now)

  • March 30th 2010

by Mark Wellborn

The latest data from the Case-Shiller Home Price Index included hopeful data about both the national and local DC housing markets. The two key takeaways are:

  • Home prices showed the smallest annual decline in almost three years in January. Although prices were flat in many of the metropolitan areas covered by the Case-Shiller Index, prices overall marked the lowest annual decline since January 2007.

  • Home prices rose in the DC area. To buyers this is not seen as good news, but for the market in general it bodes well. Compared to December, median prices in the area rose 0.2 percent, the ninth price increase in the metro area in the last 10 months.

Don’t go breaking out the champagne just yet, though. Experts are predicting that prices and home-buying activity will likely drop off notably in the second half of the year after the tax credit expires.

Below is the latest chart for the markets measured by Case-Shiller:

Case-Shiller: News is Good (For Now): Figure 1

See other articles related to: case-shiller, dc area market trends, dc home prices

This article originally published at https://dc.urbanturf.com/articles/blog/case_shiller_news_is_good_for_now/1928.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse