New study: Tampa shows largest home price decline among 20 cities
Tampa nudged out Miami, Detroit and San Diego for having the largest home price decline the past year.
The S&P/Case-Shiller U.S. National Home Price Index said housing prices fell 11.1 percent in Tampa, the worst among 20 cities listed on the survey. The average decline among those cities was 4.9 percent.
A chart and other information about the index is available at this link.
Case-Shiller measured housing prices from September 2006 to September 2007. The index lags a month behind the monthly housing statistics released by the National Association of Realtors, which is putting out October home sales figures this week.
The index tends to show a steeper price decline than does the Realtors report.
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Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
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