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New York Condo Prices Post Smallest Decline since Market Peak
New York Condo Prices Post Smallest Decline since Market Peak
New York Condo Prices Post Smallest Decline since Market Peak
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February 15, 2012 (Jeff Alan)

Prices for condominiums in the New York area have experienced the smallest declines of the five major metropolitan areas since their housing market peaked despite the area’s first monthly price decline in six months according to Standard and Poor’s HouseViews.

Since their respective housing market peaks, New York has been the best performing market with condo prices falling only 14.0 percent since its peak while Los Angeles has seen prices decline about 40 percent, San Francisco about 35 percent and Chicago has seen area condo prices fall about 33 percent.

All five of the condominium markets covered by the S&P/Case-Shiller Indices posted a monthly decline in prices in November.

In California, the long slide in condo prices continued in November, with San Francisco suffering a monthly price decline of 0.3 percent while Los Angeles saw its prices decline 0.9 percent.

Condo prices in Los Angeles have fallen for 16 consecutive months leaving prices in the area 8.1 percent lower than in November 2010.

In San Francisco, condo prices have fallen seven consecutive months and 14 out of the last 17 months leaving prices 8.0 percent lower than in November 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.

Chicago posted the largest monthly price decline of 3.8 percent and also had the largest annual decline of 9.7 percent. Condo prices in Chicago on average are back to mid-2000 levels, the worse of any of the five metro areas. The index for Boston fell 1.6 percent from October to November and is 2.4 percent lower than in November of last year.

New York posted its first monthly decline in prices in six months, falling 0.4 percent, and was 0.6 percent lower than a year ago. It was also the smallest decline in monthly condo prices of the five metro areas.

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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February 15, 2012 (Jeff Alan)

Prices for condominiums in the New York area have experienced the smallest declines of the five major metropolitan areas since their housing market peaked despite the area’s first monthly price decline in six months according to Standard and Poor’s HouseViews.

Since their respective housing market peaks, New York has been the best performing market with condo prices falling only 14.0 percent since its peak while Los Angeles has seen prices decline about 40 percent, San Francisco about 35 percent and Chicago has seen area condo prices fall about 33 percent.

All five of the condominium markets covered by the S&P/Case-Shiller Indices posted a monthly decline in prices in November.

In California, the long slide in condo prices continued in November, with San Francisco suffering a monthly price decline of 0.3 percent while Los Angeles saw its prices decline 0.9 percent.

Condo prices in Los Angeles have fallen for 16 consecutive months leaving prices in the area 8.1 percent lower than in November 2010.

In San Francisco, condo prices have fallen seven consecutive months and 14 out of the last 17 months leaving prices 8.0 percent lower than in November 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.

Chicago posted the largest monthly price decline of 3.8 percent and also had the largest annual decline of 9.7 percent. Condo prices in Chicago on average are back to mid-2000 levels, the worse of any of the five metro areas. The index for Boston fell 1.6 percent from October to November and is 2.4 percent lower than in November of last year.

New York posted its first monthly decline in prices in six months, falling 0.4 percent, and was 0.6 percent lower than a year ago. It was also the smallest decline in monthly condo prices of the five metro areas.

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
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.
HOW LOANRATENETWORK
LOAN CENTER WORKS
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.
Information You Can Use
Helpful Tools

February 15, 2012 (Jeff Alan)

Prices for condominiums in the New York area have experienced the smallest declines of the five major metropolitan areas since their housing market peaked despite the area’s first monthly price decline in six months according to Standard and Poor’s HouseViews.

Since their respective housing market peaks, New York has been the best performing market with condo prices falling only 14.0 percent since its peak while Los Angeles has seen prices decline about 40 percent, San Francisco about 35 percent and Chicago has seen area condo prices fall about 33 percent.

All five of the condominium markets covered by the S&P/Case-Shiller Indices posted a monthly decline in prices in November.

In California, the long slide in condo prices continued in November, with San Francisco suffering a monthly price decline of 0.3 percent while Los Angeles saw its prices decline 0.9 percent.

Condo prices in Los Angeles have fallen for 16 consecutive months leaving prices in the area 8.1 percent lower than in November 2010.

In San Francisco, condo prices have fallen seven consecutive months and 14 out of the last 17 months leaving prices 8.0 percent lower than in November 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.

Chicago posted the largest monthly price decline of 3.8 percent and also had the largest annual decline of 9.7 percent. Condo prices in Chicago on average are back to mid-2000 levels, the worse of any of the five metro areas. The index for Boston fell 1.6 percent from October to November and is 2.4 percent lower than in November of last year.

New York posted its first monthly decline in prices in six months, falling 0.4 percent, and was 0.6 percent lower than a year ago. It was also the smallest decline in monthly condo prices of the five metro areas.

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.
Information You Can Use

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