The S & P/ Case-Shiller Home Price Index is a monthly survey of home prices in 20 of the top metropolitan areas in the United States. Earlier today they released their data for the 2007 calendar year. Despite record losses for home prices in most of the areas the report follows Portland, Seattle, & Charlotte, NC were able to buck the national trend by showing modest year over year appreciation.
These were the only 3 markets of the 20 that the index follows which did not record losses to home prices in 2007. Here is a link to the press release for the report:
Year End Numbers Mark Widespread Declines According to the S&P/Case-Shiller® Home Price Indices
The S & P/ Case-Shiller Home Price Index Report is viewed by many to be the best gauge of home prices for major metropolitan markets because the methodology for calculating home prices changes includes the broadest range of data.
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