Putting the real estate slump in perspectiveby
Unlike previous housing slumps, the one we’re in now has spread from coast to coast. But that doesn’t mean that every market is suffering equally. The worst markets — the ones in Florida, California, Arizona, and Nevada — seem to get all the attention. But in places such as Charlotte, Dallas, Denver, and Portland sales have slowed, but prices haven’t dropped much. The Bespoke Investment Group published a chart on its Web site using data from the Case-Shiller Median Home Price Index. It shows how much median home prices have fallen from their peaks in each of the 20 cities the index tracks.