Case/Shiller Housing Report - NY down 1.2% (New York, York: foreclosures, home) - Long Island - City-Data Forum

Jrprofess · 03-31-2009, 08:37 AM

The 20 city (metro area) Case/Shiller index came out this AM and showed the home values in New York to be -1.2 percent from the December values in January and down 9.60% year over year. My gut tells me this feels pretty accurate given the drop I have seen on things like Listingbook, and mls off and on. Tawk amongst yourselves...

TomMoser · 03-31-2009, 08:56 AM

Sounds about right to me.

LongIslandCitizen · 03-31-2009, 05:23 PM

And remember that there was a forclosure moritorium imposed during this time frame.

Jrprofess · 04-01-2009, 09:47 AM

^^ And the moratorium in a state like New York means instead of foreclosures taking 2+ years to happen it might push out to a third. Will be interesting to keep an eye on these things.