Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Tuesday, January 26, 2010
Case Shiller Index Shows Continued Improvement
Here's an excerpt from the recent Case-Shiller Home Price Index
New York, January 26, 2010 – Data through November 2009, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the annual rates of decline of the 10-City and 20-City Composites continue to improve, in spite of price declines being measured across many markets during November.
This marks approximately 10 months of improved readings in the annual statistics, beginning in early 2009, and is the third consecutive month these statistics have registered single digit declines, after 20 consecutive months of double digit declines.
Here's another well-regarded indicator telling us that the market is continuing to improve.
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Search MLS listings for free at: www.hobokenjerseycity.com
Has the market stabilized?
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