Housing Crisis Beginning to End

New S&P Case-Shiller data came out today that shows that home price declines are starting to end. Two months ago all of the 21 metro areas tracked by the index experienced declines. Last month, their data showed that 2 metros had finally started to increase(Dallas and Charlotte). This month's release shows that 7 metros are beginning to rise. Only one metro that was previously falling, fell faster than the previous month (NYC). On the index, 19 of 21 showed slower losses or faster growth rates than the month before. However, certain parts of the country seem to have more room to fall. California, Arizona, Nevada, Florida, and Detroit.

I made some perilous predictions a few months ago. Here's how it has gone.


---------Predicted-------Since Prediction
Miami..........(-32%).................(-14%)
Los Angeles.(-31%).................(-13%)
Tampa.........(-28%).................(-11%)
Las Vegas....(-28%).................(-15%)
Washington.(-24%).................(-8%)

All of these cities are still experiencing falling home prices, but Las Vegas and Washington look like they may be near their bottoms because their price declines have slowed.