Home Price Gains Continue to Erode
Diana Heeb Bivona
The S&P Case-Shiller Home Prices Indexes recently released its most current data on home price gains. In this case, it was for the month of November 2006. Of the 20 markets they looked at, 17 showed month-over-month declines from October.
The table below shows the index level, November monthly price change and year-over-year price change for the 20 cities covered. The index level reflects total gains since 2000, with a base of 100: i.e., an index level of 150 means that the average house price in that city went up 50 percent over the past six years.
Source: Seeking Alpha/Index Universe
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