As Seen on TV: Housing Prices

The Standard & Poor/Case-Schiller housing index, which covers 20 cities, fell at a staggering rate in August, dropping a record 16.6 percent from last year.

The index recorded 20 consecutive months of falling prices across 20 cities. With home values bottoming out, see what's happening to home prices in your area, and learn more about possible signs of a turnaround.

According to new figures in the August Standard & Poor/Case-Schiller Home Price Index, the cities that fared the worse over the last 12 months were Phoenix, where home prices fell 30.7 percent, and Las Vegas, which saw home prices fall 30.6 percent. Dallas and Charlotte were relatively stable, only falling 2.7 and 2.8 percent respectively.

New reports today found that prices in many places are so low that investors are swooping in and buying homes, leading to an uptick in sales. Click here to see how real estate sales are rebounding in your area.

Check out this chart to see where your city stands in terms of declining home values: August Standard & Poor/Case-Schiller Home Price Index

-- This embed didnt make it to copy for story id = 6131429. -- This embed didnt make it to copy for story id = 6131429.
Metropolitan Area 1-Year Change (%)
Atlanta -8.5%
Boston -4.7%
Charlotte -2.8%
Chicago -9.8%
Cleveland -6.6%
Dallas -2.7%
Denver -5.1%
Detriot -17.2%
Las Vegas -30.6%
Los Angeles -26.7%
Miami -28.1%
Minneapolis -13.8%
New York -6.9%
Phoenix -30.7%
Portland -7.6%
San Diego -25.8%
San Francisco -27.3%
Seattle -8.8%
Tampa -18.1%
Washington -15.4%
Composite-10 -17.7%
Composite-20 -16.6%

Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...
See It, Share It
PHOTO: Salvager Eric Schmitt was combing through the wreckage of a convoy of Spanish ships that sank off the coast of Florida in 1715 when he discovered a missing piece from a gold Pyx.
Courtesy 1715 Fleet - Queens Jewels, LLC
Lisa Kudrow
Seth Poppel/Yearbook Library | Getty Images
PHOTO: In this April 26, 2013 photo, a large home intended for the family of Warren Jeffs is seen in Hildale, Utah.
Trent Nelson/The Salt Lake Tribune/AP
PHOTO: Zac Efron seen at BBC Radio One, April 24, 2014, in London.
Neil P. Mockford/GC Images/Getty Images