David Letterman has hooked us all on “Top 10” lists! (By the way, did you see Bono U-2 all this week on Letterman?). Recently Forbes published their Top 10s for ‘best’ and ‘worst’ housing markets in the US.
New York City was #1 for best market with values holding strong!
Seattle squeaked in at #10.
Forbes’ source was the S&P/Case-Shiller home-price index, released Feb. 24, 2009. with the 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.
I won’t repeat the entire list here, you can catch it on Forbes web site:http://tinyurl.com/cujnjl.
I will, of course, tell you who was # 1 in “Worst Housing Markets”. It was Las Vegas with a nearly 33% drop in prices. Is this the same city where they say “the house always wins!”
But, maybe not the “home”?