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%).