Thursday, February 15, 2007

New Home Prices Decrease 2.7% in 4Q

From the National Association of Realtors in PDF format

The link has a list of prices in various US cities.

The NE decreased 2.5%, the South decreased 3.7% and the Midwest Decreased 4.2%. The West increased .4%.

Florida is a bloodbath right now. We're seeing big declines.

California is mixes. San Diego and San Francisco are down while Los Angeles and San Jose are up. Go figure.

It takes a great deal of downward pressure to move the national number lower. That means this number is significant.