Call us at 434-951-5155
Instagram Farms and Estates Blog YouTube

Roy Wheeler Realty Co.


Home prices falling around the country

January 27, 2009

Rex Nutting MarketWatch Pulse Buzz up! Digg It StumbleUpon Reddit WASHINGTON — Home values in 20 major U.S. cities fell at a record 18.2% in the 12 months ending in November, Standard & Poor’s reported Tuesday. The Case-Shiller 20-city home price index fell 2.2% in November, with home values in all 20 cities falling at least 1%. Prices fell 3.4% in Phoenix and 3.3% in Las Vegas in November. In the past year, prices were down 33% in Phoenix, 32% in Las Vegas, and 31% in San Francisco. The best performance over the past year came in Dallas, where prices fell just 3.3%. Falling home values have helped to plunge the global financial system into chaos because of mortgage-backed securities. Home owners have lost trillions of dollars of wealth. Hopefully, like Northern Virginia, home prices will fall to a level that will bring buyers back into the market.  Housing inventory there has dropped from 10 months last year to 5 months currently.   Copyright © 2009 MarketWatch, Inc.

Loading Property Compare

Post Categories

Interactive Map Search

Set your search criteria & zoom the map to the area you want to search.
Search Now

Career Opportunities

Do you enjoy working with people and enjoy helping people sell or buy a home? Consider a new career!

Use Your Phone To Find a Home. Use any internet enabled phone to search every home on the market from anywhere at


Roy Wheeler Realty agents will help your relocation be a successful, stress-free move to our beautiful area. Learn More!