On Monday we highlighted the S&P/Case-Shiller housing numbers prior to the release of the February numbers on Tuesday. Now that they've been released, we have updated our chart showing the declines in median home prices in the 20 cities tracked from their peaks. Phoenix has become the first city to see home prices drop more than 50%, while Las Vegas is getting close at -48%. Miami and San Francisco are at -45%, while San Diego, Detroit, and Los Angeles have all fallen at least -40%. Dallas is still at -11%, and Boston and New York rank in the top five for the cities that have fallen the least.
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Posted by: Mukundan | May 29, 2009 at 12:44 PM