Along with the three composites — national, 10-city and 20-city — four cities also set new lows in the December data. The four were Tampa, Las Vegas, Seattle and Atlanta. The first two of these are among the consistently weak sunbelt while the other two were reasonably stable until the last six months. In both Atlanta [...]
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How The Cities Did in January
January’s report was disappointing as 16 cities saw prices fall month to month and eight made new post-crisis lows. Atlanta and Detroit are the hardest hit based on current levels. However, Detroit has rebounded from its low by a larger percentage than any city except for Washington DC. Across all 20 cities, the average gain [...]