Case Schiller release their home price report yesterday showing that home price declines have slowed in the majority of the markets studied. Home prices fell in the fourth quarter of 2009 compared to the same period in 2008, but at a lower year-over-year rate than the first three quarters of 2009. The report shows home prices dropped 2.5 percent year-over-year in the fourth quarter, compared to year-over-year drops of 19 percent in the first quarter, 14.7 percent in the second, and 8.7 percent in the first, according to the report.
Where are prices at?
According to the report as of last quarter, home prices are at the same level they were in the summer of 2003. The S&P tracks the 10-city and 20-city home price indices monthly. The indices have a base value of 100 and anything above 100 represents the percentage of home value appreciation since January 2000.
The national index for the fourth quarter was 136.09, meaning home values have increased about 36 percent since January 2000. The figure represents a 0.3 percent seasonally adjusted quarterly increase, a 1.1 percent non-seasonally adjusted quarterly decline and a 2.5 percent year-over-year decline. Charlotte’s index is 117.78. The annual change in 2009 was drop of 3.8%.
The first quarter of 2009 saw a record year-over-year decline since the index’s launch in 2006: 19.1 percent.
The 10-city composite posted an index of 158.18 in December, a non-seasonally-adjusted month-to-month decline of 0.2 percent and a year-over-year decline of 2.4 percent. The 20-city composite posted a 145.9 index for the same month, also a non-seasonally-adjusted month-to-month decline of 0.2 percent, and a year-over-year decline of 3.1 percent.
To view the full report visit the S&P Case Schiller website.
20 years of experience in corporate relocation, sales and marketing. Some highlights from John’s past career include: Director of Business Development for Leger Corporation, Referral Manager for Bissell Hayes (now Cottingham Chalk Bissell Hayes), and Business Development Manager for Allen Tate.
loaded with terrific specialty shops and great restaurants. Try the wood-fired pizzas at 
community with every convenience imaginable. Almost like a movie set in its perfection, Homes in Baxter Village are traditional, neo-Victorian and Craftsman style. Baxter in Fort Mill has a town center with quaint village shops and restaurants, a community elementary school, YMCA and daycare center, public library, urgent care center, community pools, clubhouses, tennis courts and even a drive thru Starbucks at the Baxter main entrance! A never-ending list of Baxter community events helps with social bonding, yet even without them, Baxter would probably remain tight-knit. Some refer to this area as “Pleasantville”. Baxter is also close to excellent SC schools and SC golf courses. 
train depot. The town was home to one of the oldest and largest textile mills in the U.S., Springs Mills. Springs was manufacturer of such iconic textile brands such as Springmaid, Wamsutta, Dundee, Wabasso, Bali, Graber, Ultrasude, and Ultraleather. The Springs family has been in control since its inception in 1887 but went public in 1966 and the family (Springs, Close and Bowles families) stills retain a major interest in the historic firm. Homes in Fort Mill SC in the historic area are distinctly Craftsman style bunglows, many restored from the time they housed factory workers who worked in the nearby textile mills, and the streets are lined with amazing, tall trees and mature landscaping.
Fort Mill is also home to 
I just recently had a closing with Rebecca Madej with Cunningham and it was a great experience for all parties in the transaction. Rebecca is intelligent, efficient and professional. Her weekly Friday updates were just fantastic! The updates let all parties know where we were in the loan process to show the progress of the transaction.