Make us your home page

Case-Shiller: Tampa Bay home prices flee to 2003

Tampa Bay area home prices have taken a time machine back to November 2003, according to the latest S&P/Case-Shiller Home Price Index. The well-regarded index of 20 major U.S. cities shows home values in February had retreated 39 percent since the July 2006 peak. Year over year, prices in Pinellas, Pasco, Hillsborough and Hernando counties have fallen 23 percent. Expect more devaluation as foreclosures steer the market. As economist Joshua Shapiro told the Wall Street Journal: "We continue to believe that it is unlikely that we are anywhere near a bottom in nationwide home prices." As has been the case for at least a year, western markets such as San Diego, San Francisco, Las Vegas and Phoenix have suffered the biggest price drops.

Case-Shiller: Tampa Bay home prices flee to 2003 04/28/09 [Last modified: Tuesday, April 28, 2009 7:43pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming


    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street


    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24


    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters


    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights


    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.


    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]