1st Quarter 2011 Metropolitan Median Area Prices
by Broderick Perkins
© 2011 DeadlineNews.Com
Unauthorized use of this story is a copyright violation -- a federal crime
Deadline Newsroom - Home prices have crashed back to 2002 levels and the double dip is on, but nearly three dozen markets are enjoying varying levels of home price appreciation.
A few of those markets experienced double digit gains, but maintained affordable prices and status as a buyer's market.
The much watched Case-Shiller National Home Price Index for single-family homes fell 5.1 percent to a new recession low in the first quarter 2011, compared to the first quarter 2010.
For the month of March 2011, only Washington, D.C. homes enjoyed a price gain (4.3 percent), compared to March 2010, as home prices tumbled in the other 19 of the 20 indexed Metropolitan Statistical Areas (MSAs) for the same period.
Twelve of the 20 MSAs and the 20-City Composite posted new lows.
"This month’s report is marked by the confirmation of a double-dip in home prices across much of the nation," said David M. Blitzer, Chairman of the Index Committee at S&P Indices.
However, isolated metropolitan areas are enjoying home price appreciation levels ranging from a flat 0.1 percent to a booming 12.2 percent, at least according to the National Association of Realtors' (NAR) 1st Quarter 2011 Metropolitan Median Area Prices.
Get the full story here: "Appreciating Housing Markets Share Key Indicators"
• Click on the keywords below for more stories on this subject.
© 2010 DeadlineNews.Com
Advertise on DeadlineNews.Com | Shop DeadlineNews.Com
Get "News that really hits home!" for your Web site or blog from the DeadlineNewsGroup.Com.
You are reading a sample of "News that really hits home!" now available from several beats and published in a growing number of locations.
Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.
Under the DeadlineNews Group umbrella:
Perkins was the first Examiner to cover three beats for the Examiner.com news service:
• National Real Estate Examiner
• National Consumer News Examiner
• National Offbeat News Examiner
Other DeadlineNews Group Feeds are available from DeadlineNews.Com.
DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime