More wishy-washy housing numbers today, courtesy of the Case-Shiller index.
Nationwide, home prices in January were a little bit lower than they were a year earlier. But they were a little bit higher than they were in December.
The year-over-year data show some pretty big disparities, even among cities that had big run-ups during the bubble. There were significant gains in San Francisco, Los Angeles and San Diego and big declines in Las Vegas, Tampa and Florida.
Here are the month-over-month and year-over-year numbers for 20 metro areas, and a composite number for the nation as a whole:
|Metro Area||Jan. 2010||Monthly Change9||Annual|
The key thing to look at here, of course, is the change over time. But just in case you're wondering what that first number for Jan. '10 actually means: For each metro area, 100 is equal to where home prices were in January, 2000. So if the number for January, 2010 is 150, it means that homes are 50% more expensive now than they were in January of 2000. The index isn't adjusted for inflation.
Bonus Home: Here's a post from last week on the Obama Administration's revised plan to prevent foreclosures.