Los Angeles Condo Prices See First Gain In 20 Months
Los Angeles Condo Prices See First Gain In 20 Months
Los Angeles Condo Prices See First Gain In 20 Months
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June 13, 2012 (Jeff Alan)

Condominium prices in the Los Angeles area improved for the first time in 20 months as condo prices in four of the five metro areas covered by the S&P/Case-Shiller Condo Prices Indices improved in March.

Condo prices in Chicago, which have fallen a cumulative 16.8 percent from September through March, were the only area in the Indices to see a decline in March, falling 0.3 percent. March’s decline leaves prices for condos in the Chicago area 9.7 percent below what they were a year ago and back at the same level they were at in September of 1999.

In California, the long slide in condo prices ended in March, with San Francisco posting a monthly price gain of 4.2 percent while Los Angeles saw its prices increase 0.7 percent.

Condo prices in the Los Angeles area had fallen the previous 19 consecutive months leaving prices in the area 5.6 percent lower than what they were a year ago.

In San Francisco, condo prices had fallen the previous ten months, leaving prices 4.9 percent lower than what they were a year earlier. Despite March’s gain, prices in the area have fallen for 17 out of the last 21 months.

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 early-2002 levels.

Along the East Cost, Boston and New York each posted an increase of 0.9 percent from February.

Year-over-year, condo prices in New York are down 0.3 percent from March of 2011, while Boston was the only area in the Indices to record a year-over-year gain, climbing 1.5 percent above last year. Condo prices in New York have dropped back to early-2005 levels and in Boston prices have fallen back to late-2003 levels.

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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June 13, 2012 (Jeff Alan)

Condominium prices in the Los Angeles area improved for the first time in 20 months as condo prices in four of the five metro areas covered by the S&P/Case-Shiller Condo Prices Indices improved in March.

Condo prices in Chicago, which have fallen a cumulative 16.8 percent from September through March, were the only area in the Indices to see a decline in March, falling 0.3 percent. March’s decline leaves prices for condos in the Chicago area 9.7 percent below what they were a year ago and back at the same level they were at in September of 1999.

In California, the long slide in condo prices ended in March, with San Francisco posting a monthly price gain of 4.2 percent while Los Angeles saw its prices increase 0.7 percent.

Condo prices in the Los Angeles area had fallen the previous 19 consecutive months leaving prices in the area 5.6 percent lower than what they were a year ago.

In San Francisco, condo prices had fallen the previous ten months, leaving prices 4.9 percent lower than what they were a year earlier. Despite March’s gain, prices in the area have fallen for 17 out of the last 21 months.

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 early-2002 levels.

Along the East Cost, Boston and New York each posted an increase of 0.9 percent from February.

Year-over-year, condo prices in New York are down 0.3 percent from March of 2011, while Boston was the only area in the Indices to record a year-over-year gain, climbing 1.5 percent above last year. Condo prices in New York have dropped back to early-2005 levels and in Boston prices have fallen back to late-2003 levels.

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

Source:
Standard and Poor

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
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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.
HOW LOANRATENETWORK
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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.
Helpful Tools

June 13, 2012 (Jeff Alan)

Condominium prices in the Los Angeles area improved for the first time in 20 months as condo prices in four of the five metro areas covered by the S&P/Case-Shiller Condo Prices Indices improved in March.

Condo prices in Chicago, which have fallen a cumulative 16.8 percent from September through March, were the only area in the Indices to see a decline in March, falling 0.3 percent. March’s decline leaves prices for condos in the Chicago area 9.7 percent below what they were a year ago and back at the same level they were at in September of 1999.

In California, the long slide in condo prices ended in March, with San Francisco posting a monthly price gain of 4.2 percent while Los Angeles saw its prices increase 0.7 percent.

Condo prices in the Los Angeles area had fallen the previous 19 consecutive months leaving prices in the area 5.6 percent lower than what they were a year ago.

In San Francisco, condo prices had fallen the previous ten months, leaving prices 4.9 percent lower than what they were a year earlier. Despite March’s gain, prices in the area have fallen for 17 out of the last 21 months.

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 early-2002 levels.

Along the East Cost, Boston and New York each posted an increase of 0.9 percent from February.

Year-over-year, condo prices in New York are down 0.3 percent from March of 2011, while Boston was the only area in the Indices to record a year-over-year gain, climbing 1.5 percent above last year. Condo prices in New York have dropped back to early-2005 levels and in Boston prices have fallen back to late-2003 levels.

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.