Econintersect: If you live in one of the twenty major metro areas and purchased a house at any time since the beginning of 2000, The New York Times has an interactive graphic giving an overview of home prices since that time. The graphic compares the current average home price with the average purchase price for any selected month starting with January 2000. Data displayed is for the Case-Shiller Home Price Index.
Click on graph for larger image.
The following table shows the changes in the Case-Shiller Home Price Index over the past 12 months ending in April 2013, change since the peak for each market and the change since January 2000.
Click on table for larger image.
Important observations:
- Since January 2000
- 19 of 20 markets are up (only Detroit negative);
- 17 markets are up double digits (Atlanta and Cleveland each up 2%);
- 15 markets are up more than 20% (Las Vegas +11% and Chicago +14%);
- 8 markets are up more than 50% (Los Angeles and Washington DC both up more than 90%).
- Every market is still negative since the peak (Dallas and Denver almost even at -1% each).
- Every market is up over past twelve months.
Click here to access the interactive graphic at The New York Times.
Source:
- Housing’s Rise and Fall in 20 Cities (Shan Carter and Kevin Quealy, The New York Times, 25 June 2013)
- Housing Price Changes (Nathan Yau, Flowing Data, 28 June 2013)
