You might have heard the news – it will be on the TV tonight and I wanted to point out the small print that will likely be overlooked by much of the media.
For 20 years the Case/Shiller index has tracked the rise and fall of the housing market nationally. Of the 20 areas they look at all were down except 3 – some like Miami are down as much as 17%. Three areas went up: Charlotte, N.C., 2.3%; Portland, Ore., 1.2%; and Seattle, at 0.5%.
Read the entire article here: CNN/Money