Radar Logic released its most recent monthly housing market report Tuesday. Here's the damage, quoting from the press release:
[Home] prices and sales volumes decreased more in October 2008 than in any other October since the beginning of Radar Logic's data, January 2000 . . .
For the fourth month in a row, Milwaukee, WI was at the top of the 25-MSA [metropolitan statistical area] ranking in October. Home prices in Milwaukee were 5.3% higher than they were a year before, making Milwaukee the only MSA tracked by Radar Logic to experience year-over-year price appreciation in October.
San Francisco was at the bottom of the rankings with 34.4% year-over-year price decline.
Detroit, Las Vegas, Phoenix, San Diego and Seattle saw their largest month-over-month price declines since January 2000.
Though motivated sales across the 25 MSAs grew 193% between January 1 and October 31, the rate of growth slowed over the first three quarters and turned negative in October, when 18 of 25 MSAs saw motivated sales decrease.
R. V. Gonzales of TX @ Jan 06, 2009 23:20:04 PM