No one is making a great deal of money in real estate right now, but that doesn't mean all cities are feeling the same amount of pain. Using data released Feb. 24 from the S&P/Case-Shiller home price index, we examined 20 cities in the U.S. on the basis of how fast home prices are falling, whether or not that descent is picking up speed or slowing down, and how many months of lost equity homeowners have endured. The data covers the period between November 2008 and December 2008 for month-to-month results, and December 2007 to December 2008 for year-over-year numbers.On a list of the 10 best-performing cities in the country San Diego is rated at the top #5.
Best, No. 5: San Diego, Calif.
Index score: 152.16
Prices were last this low: October 2003
Month-to-month drop: -2.13%
Year-over-year drop: -24.84%
Deceleration rank: No. 1
Source: S&P/Case-Shiller home-price index, released Feb. 24, 2009. Methodology: Rate of home price increase or decrease was calculated by examining data covering the time period between November 2008 and December 2008 for month-to-month results, and December 2007 to December 2008 for year-over-year results.
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