According to CoreLogic, a company that analyzes the real estate market, 78 of 100 metropolitan areas experienced year-over-year price declines in August 2010; this compares with 58 in July 2010.
Some states actually showed a price increase.
The five states with the highest price increase in August 2010 was as follows:
Maine up 5.8%
New York up 3.7%
Connecticut up 2.5%
Virginia up 2.4%
South Dakota up 2.1%
The majority of the states encountered a price decrease.
The five states with the biggest price decline in August 2010 was as follows:
Idaho down 14.0%
Alabama down 10.4%
Utah down 7.3%
Oregon down 6.3%
Florida down 6.2%
The decline in home prices in the United States from the peak in April 2006 until August 2010 was 28.2%. If distressed properties were not included in the calculation then home prices were down 19.6%, according to CoreLogic.
Please feel free to post an opinion or question and we will try to address them in future posts.
If you are looking to buy, sell, rent or invest in the South Florida real estate market, please feel free to contact me.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100
http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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