L.A. prices down 16.5%; Miami’s bubble now bigger

This morning’s Case-Shiller home prices report shows prices fell by 16.5% in Los Angeles over the past year — one of the steepest levels of decline in the nation. It also shows that Los Angeles no longer has the distinction of having America’s biggest housing bubble — that honor now goes to Miami.

More data from the report, which many analysts consider the most accurate measure of home prices because it tracks individual houses over time:
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Original Source

  25 March, 2008| housingblogs | @ 16:45

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