Friday, May 29, 2009

Cities below 2000 inflation-adjusted levels

Eleven of the twenty metro areas tracked by S&P/Case-Shiller are now below their 2000 inflation-adjusted levels.

Since 2000 the U.S. has had 23% cumulative inflation. Metro areas tracked by Case-Shiller that are up less than 23% are:
  • Atlanta, up 5%
  • Charlotte, up 19%
  • Chicago, up 22%
  • Cleveland, down 3%
  • Dallas, up 12%
  • Denver, up 20%
  • Detroit, down 29%
  • Las Vegas, up 16%
  • Minneapolis, up 9%
  • Phoenix, up 7%
  • San Francisco, up 18%
Most but not all of these cities are still falling. The number for San Francisco is a bit misleading, though, since much of its bubble activity occurred before 2000.

At the opposite end of the spectrum, New York is up the most (73%), followed by Washington, D.C. (66%) and Los Angeles (61%).

From 2000 to the bubble peak, Miami had had the greatest gains (179%), followed by Los Angeles (174%) and Washington, D.C. (151%).

1 comment:

  1. why adjust for inflation? It is more than covered by dividends. Oh, wait, maybe not so much.

    ReplyDelete