Home prices going back in time
According to the S&P/Case-Shiller Home Price Indices…
– In Detroit, prices have fallen 20% and it’s February 2000
– It’s May 2002 in Cleveland
– Las Vegas had a huge boom and now it’s June 2004
– In Miami, the biggest gainer, it’s May 2005
– In Los Angeles, it’s February 2005
In Denver, it’s about April 2004.