The housing market seems overall gloomy, but just how well or poorly the real estate market is performing varies widely city to city – with some areas showing gains or remaining fairly stable, according to a new report released today by Radar Logic, a New York-based real estate data and analytics company.
Twenty-one of the 25 U.S. metro markets that Radar Logic tracks showed price decreases, indicating a general softness in the U.S. housing market.
The company’s RPX Monthly Housing Market Report found that for January the change in price per square foot for properties sold varied widely – ranging from gains of 3.9% and 2% in Charlotte, N.C., and New York, respectively, to losses of 25.4% and 27.8% in Las Vegas and Sacramento, Calif. Two metro areas – Milwaukee, and Philadelphia, showed little or no change. Washington, D.C., and Seattle, which had been showing year-over-year appreciation in other months, showed depreciation in January. See Chart
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