One feature of a normal real estate market is that price performance varies from city to city as opposed to the boom and bust era when everything rose, and fell, together. The table gives a comparison of the 20 S&P/Case-Shiller Home Price Indices showing peaks, troughs and recoveries. Two of the cities with the biggest rebound were among the hardest hit in the housing bust — Detroit and Phoenix with San Franscisco close behind. The Florida cities, Miami and Tampa, that saw large price declines have not recovered much so far. The weakest rebound is in New York, one of the two soft spots in the October data.
Click on the table for a larger image.