Bob CollinsThe South is hot again. The north isn’t.
That’s the takeaway from today’s release of home resale values for March via the Standard and Poor’s Case Shiller Index.
The experts seem fairly happy that the prices overall rose but look who’s dragging things down: those Northerners.
Here’s the change from February:
|
City
|
Change from February
|
| Phoenix |
2.2%
|
| Seattle |
1.7%
|
| Dallas |
1.6%
|
| Denver |
1.5%
|
| Tampa |
1.3%
|
| Charlotte |
1.2%
|
| San Francisco |
1.0%
|
| Washington |
1.0%
|
| Miami |
0.9%
|
| Portland |
0.5%
|
| San Diego |
0.4%
|
| Cleveland |
0.4%
|
| Los Angeles |
0.1%
|
| Las Vegas |
0.0%
|
| Boston |
-0.2%
|
| Atlanta |
-0.9%
|
| Minneapolis |
-0.9%
|
| New York |
-0.9%
|
| Chicago |
-2.5%
|
| Detroit |
-4.4%
|
Of course, many of those southern cities were in a race to the bottom during the worst of the housing crisis. Either way, the situation is still nothing to write home about. Check out the change over the last two years.
| City |
Change over last two years
|
| Washington |
0.6%
|
| Dallas |
-1.1%
|
| Denver |
-1.3%
|
| Detroit |
-1.5%
|
| Phoenix |
-2.9%
|
| Boston |
-3.6%
|
| Miami |
-3.7%
|
| Charlotte |
-4.7%
|
| Los Angeles |
-6.4%
|
| San Diego |
-6.6%
|
| New York |
-6.7%
|
| Minneapolis |
-6.8%
|
| San Francisco |
-7.9%
|
| Tampa |
-8.0%
|
| Cleveland |
-8.4%
|
| Seattle |
-8.7%
|
| Portland |
-10.2%
|
| Las Vegas |
-12.4%
|
| Chicago |
-14.2%
|
| Atlanta |
-20.4%
|
“You have to pick to find real negatives in (the report),” the founder of the survey said on CNBC this morning. Hint: It’s in Minnesota.
