Comments on: Case-Shiller: DC Home Price Drops Continue Unabated

By: ibc

ibc — Mon, 02 Feb 2009 22:11:06 +0000

Is it irrational that it grates on my nerves to read “Prices in Free Fall in DC!” only to see that they’re talking about PWC, Dumfries, and Jefferson, WV?

By: Tim Ellis

Tim Ellis — Sun, 04 Jan 2009 22:17:55 +0000

Tom,

Weird. When I posted this graph, apparently our blogging software retroactively replaced the graphic from the December 2 post with the one from this post, resulting in both posts showing the October data (posted in late December).

I’ll pull the correct December 2 chart back out and put it back on there.

By: Tom Grewe

Tom Grewe — Sun, 04 Jan 2009 19:18:06 +0000

The graphics posted to illustrate the Case-Shiller Home Price Index for the 30 December post and the 2 December post are identical. They both appear to be for Otober as they have 10 dots to the right of the vertical dotted line for 2008.

By: CRM

CRM — Fri, 02 Jan 2009 20:48:52 +0000

There seem to be discrepancies between price and location. For example areas like Silver Spring are still very highly priced and are only barely coming down. On the surface this doesn’t make sense when compared to areas where there has been price erosion (Dupont, U St, Alexandria).

Real estate is highly localized, but when comparing across desirable neighborhoods some of the prices in the overall DC region still seem far too high.

In addition, I wonder what comparative pricing was like before the bubble (say 2002 and before)? If you look at Southern California, there are now areas 20 minutes from the beach that are close to prices in the DC region – does this make sense and was it like this before the recent run up?

By: D

Tue, 30 Dec 2008 22:29:23 +0000

You think so, Brandon? I wonder how much that Woodley Place house you sold this summer would have cost in 2004.

By: Brandon Green

Brandon Green — Tue, 30 Dec 2008 20:14:17 +0000

Ugh–prices could hit the 2004 low as early as next month.