Chicago-area prices fell less than they did nationwide, but unlike the country, the local year-over-year drop in February was higher than in January.
Also, Chicago-area prices fell more from January to February than nationwide, dropping 3.4% compared with 2.2% for the nationwide index.
The Standard & Poor's/Case-Shiller index released Tuesday showed home prices in 20 major cities fell 18.6 percent in February compared with February 2008. That was slightly better than January's 19 percent and the first time since January 2007 the index didn't set a record.
Chicago prices were down 17.6 percent in February compared with the year-earlier period, while local prices fell 16 percent in January compared with January 2008.
Tuesday, April 28, 2009
Chicago's home price drop smaller than U.S. in February
AP:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
PLEASE READ FIRST!!!! Comment Moderating and Anonymous Comment Policy
While anonymous comments are not prohibited we do encourage you to help readers identify you so that other commenters may respond to you. Either read the moderating policy for how or leave an identifier (which could be a nickname for example) at the end of the comment.
Also note that this blog is NOT associated with any public or political officials including Alderman Roderick T. Sawyer!