{"id":11884,"date":"2010-07-27T07:03:49","date_gmt":"2010-07-27T14:03:49","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=11884"},"modified":"2010-07-27T07:35:12","modified_gmt":"2010-07-27T14:35:12","slug":"case-shiller-real-estate-is-local-free-cash-is-national","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/07\/27\/case-shiller-real-estate-is-local-free-cash-is-national\/","title":{"rendered":"Case-Shiller: Real Estate is Local, Free Cash is National"},"content":{"rendered":"

Let’s have a look at the latest data from the Case-Shiller Home Price Index<\/a>. According to May data,<\/p>\n

Up 1.2% April to May.
\nDown<\/em> 1.4% YOY.<\/strong>
\nDown<\/em> 23.7% from the July 2007 peak<\/p><\/blockquote>\n

Last year prices fell 0.3% from April to May and year-over-year prices were down 16.6%.<\/p>\n

No big surprises here. It would have been surprising if the combination of the hottest homebuying time of year plus an expiring tax credit hadn’t<\/em> boosted prices a bit.<\/p>\n

Here’s our offset graph—the same graph we post every month—with L.A. & San Diego time-shifted from Seattle & Portland by 17 months. All four cities climbed a little more month-to-month in April, with Portland actually grabbing the biggest gain for a change. Year-over-year, Portland came in at +0.7%, Los Angeles at +9.7%, and San Diego at +12.4%, leaving Seattle as the only West Coast Case-Shiller city still falling year-to-year.<\/p>\n

\"Case-Shiller<\/a><\/p>\n

Note:<\/strong> This graph is not intended to be predictive<\/strong>. It is for entertainment purposes only.<\/p>\n

Hit the jump for the rest of our monthly Case-Shiller charts, including interactive charts of all 20 cities.<\/p>\n

Here’s an interactive graph of all twenty Case-Shiller-tracked cities, courtesy of Tableau Software<\/a> (check and un-check the boxes on the right):<\/p>\n

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