How the Cities Did in October 2013

The table shows the peaks, troughs and recovery for the 20 S&P/Case-Shiller Cities.  Much of the recent discussion of the housing recovery ignores inflation. While the inflation rate is currently very low, around one percent, the extent of price increases and wealth loss since the housing peak in 2006-2007 is around 15%.  In other words, a house in Minneapolis is priced 18.7% below its peaks while inflation since the peak in September 2006 is 15.3%,   The decline in houising wealth is the sum, about 34%. The last column on the table shows the inflation loss since the peak level for each city. Dallas and Denver made new peaks — excluding the inflation factor — in September 2013. (Click on the table for a bigger image)

10-2013 cities

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