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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Home prices: Most major metro areas show slowing declines

Home prices in the 20 largest U.S. metro areas are not yet making year-over-year gains, but they are showing a slowing rate of decline, according to the Standard & Poor's/Case Shiller home price index released moments ago.

Cleveland was the only metro area to not show an improvement in the annual rate of decline.

Average prices in the 20 largest areas fell 11.3 percent compared with this month last year, but most markets showed an increase from July to August. The decline beat estimates.

For instance, home prices in the Washington area rose 1.4 percent from July to August.

Prices are roughly back to where they were in the fall of 2003, the report said, before the bubble began.

Here's the list of the 20 largest metro areas and the home price change from July to August:

-- Atlanta: up 1 percent.
-- Boston: up 0.9 percent
-- Charlotte: down 0.4 percent
-- Chicago: up 1.7 percent
-- Cleveland: down 0.5 percent
-- Dallas: up 0.2 percent
-- Denver: up 1 percent
-- Detroit: up 1.9 percent (!)
-- Las Vegas: down 0.3 percent
-- L.A.: up 1.6 percent
-- Miami: up 1.1 percent
-- Minneapolis: up 3.2 percent
-- NYC: up 0.5 percent
-- Phoenix: up 1.6 percent
-- Portland: up 0.3 percent
-- San Diego: up 1.6 percent
-- San Francisco: up 2.8 percent
-- Seattle: up 0.1 percent
-- Tampa: up 0.4 percent
-- D.C.: up 1.4 percent

-- Frank Ahrens
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By Frank Ahrens  |  October 27, 2009; 9:21 AM ET
Categories:  The Ticker  | Tags: Case-Shiller, home prices  
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Comments

"Detroit: up 1.9 percent (!) "

Frank, 1.9 percent o' nuttin' is nuttin'(!)

Posted by: sasquatchbigfoot | October 27, 2009 10:17 AM | Report abuse

Houston?

Posted by: bk1969 | October 27, 2009 11:24 AM | Report abuse

Focusing too much on the economy, jobs situation and home value fluctuation can have a very negative effect on your thinking and what you're doing with your time. Spend more time visualizing on how to earn money and these other things will take care of themselves and eventually dissolve. Visit http://www.LikeSoup.com if you're searching for an earning vehicle. Take care.


Posted by: jc2728 | October 27, 2009 11:34 AM | Report abuse

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