RALEIGH - 20 CITY HOME PRICE INDEX DOWN - RALEIGH PRICES UP
Raleigh, North Carolina. Case Shiller Index Down 10.7% In January. This Standard and Poors service show the largtest drop in its twenty year history. Charlotte, the only North Carolina city in the index, managed a 1.8% rise against the otherwise grim tide. It was also the only city on the list to post a gain. While not on the list, Raleigh showed a gain of 3.6% vs. the prior year. The hardest hit cities were Miami and Los Vegas which were both down 19.3%. Another figure in the red in February was the median price of existing homes sold. It was $195,900. That was the greatest year-to-year decline since 1999. The one positive figure in February was the unexpected increase in the sale of exisiting housing. That was the first increase in six months.
John Fish (919) 696-3474 Email: Marvmax@mindspring.com Website: www.JohnFish.com
