Condo Prices Up in New York, California Continues Long Slide Down
Condo Prices Up in New York, California Continues Long Slide Down
Condo Prices Up in New York, California Continues Long Slide Down
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December 8, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles and San Francisco hit their lowest levels since long before the housing crisis began and New York was the only market to see prices increase in September according to Standard and Poor.

Of the five condominium markets covered by Standard & Poor’s indices, four of the markets posted price declines for the month.

The long slide in condo prices continued in California with monthly condo prices in Los Angeles declining 0.7 percent in September and in San Francisco condo prices declined 1.3 percent according the latest S&P/Case-Shiller Index.

In Los Angeles, condo prices have fallen in 14 of the last 15 months leaving condo prices in the area 7.4 percent lower than in September 2010.

In San Francisco, over those same 15 months, condo prices have fallen 12 times leaving prices 8.7 percent lower than in September of last year.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to mid-2002 levels.

The index for Boston fell 1.4 percent from August to September and is also 1.4 percent lower than in September of last year. Chicago posted a decline of 0.3 percent and condo prices there are 7.7 percent lower than in September of 2010.

New York was the only market to post a price increase in September, 0.4 percent, and was also the only market to post a price gain, 0.9 percent, since September of last year.

Condo prices in Los Angeles have declined 39.8 percent since its market peak in August 2006, while San Francisco’s prices have declined 33.9 percent since its peak.

Whereas in New York, condo prices have declined 12.0 percent since its peak in February 2006 and Boston’s decline has been 12.8 percent since its peak. Chicago’s condo prices have declined 28.5 percent since its market peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

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December 8, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles and San Francisco hit their lowest levels since long before the housing crisis began and New York was the only market to see prices increase in September according to Standard and Poor.

Of the five condominium markets covered by Standard & Poor’s indices, four of the markets posted price declines for the month.

The long slide in condo prices continued in California with monthly condo prices in Los Angeles declining 0.7 percent in September and in San Francisco condo prices declined 1.3 percent according the latest S&P/Case-Shiller Index.

In Los Angeles, condo prices have fallen in 14 of the last 15 months leaving condo prices in the area 7.4 percent lower than in September 2010.

In San Francisco, over those same 15 months, condo prices have fallen 12 times leaving prices 8.7 percent lower than in September of last year.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to mid-2002 levels.

The index for Boston fell 1.4 percent from August to September and is also 1.4 percent lower than in September of last year. Chicago posted a decline of 0.3 percent and condo prices there are 7.7 percent lower than in September of 2010.

New York was the only market to post a price increase in September, 0.4 percent, and was also the only market to post a price gain, 0.9 percent, since September of last year.

Condo prices in Los Angeles have declined 39.8 percent since its market peak in August 2006, while San Francisco’s prices have declined 33.9 percent since its peak.

Whereas in New York, condo prices have declined 12.0 percent since its peak in February 2006 and Boston’s decline has been 12.8 percent since its peak. Chicago’s condo prices have declined 28.5 percent since its market peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

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NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

December 8, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles and San Francisco hit their lowest levels since long before the housing crisis began and New York was the only market to see prices increase in September according to Standard and Poor.

Of the five condominium markets covered by Standard & Poor’s indices, four of the markets posted price declines for the month.

The long slide in condo prices continued in California with monthly condo prices in Los Angeles declining 0.7 percent in September and in San Francisco condo prices declined 1.3 percent according the latest S&P/Case-Shiller Index.

In Los Angeles, condo prices have fallen in 14 of the last 15 months leaving condo prices in the area 7.4 percent lower than in September 2010.

In San Francisco, over those same 15 months, condo prices have fallen 12 times leaving prices 8.7 percent lower than in September of last year.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to mid-2002 levels.

The index for Boston fell 1.4 percent from August to September and is also 1.4 percent lower than in September of last year. Chicago posted a decline of 0.3 percent and condo prices there are 7.7 percent lower than in September of 2010.

New York was the only market to post a price increase in September, 0.4 percent, and was also the only market to post a price gain, 0.9 percent, since September of last year.

Condo prices in Los Angeles have declined 39.8 percent since its market peak in August 2006, while San Francisco’s prices have declined 33.9 percent since its peak.

Whereas in New York, condo prices have declined 12.0 percent since its peak in February 2006 and Boston’s decline has been 12.8 percent since its peak. Chicago’s condo prices have declined 28.5 percent since its market peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.