Case-Shiller Report = Home Prices Flat- Sep 28th – How does that effect Steamboat?
Case-Shiller Index has been monitoring home prices in the United States for years. Similar to the S & P index, Case-Shiller looks at home prices in 20 cities. The September 28th report found home prices flat. Which for all accounts is pretty good news and should help in consumer confidence. The graph below is pretty telling, stating that home prices are averaging around 2003/2004 prices. And here in Steamboat Springs, we’re not that far off. This is a bit correction that hurts all home owners.