The Case Shiller numbers below show the year to year price change and the May to June change. The constant number is 100 for a valuation in January 2000. So for Atlanta the value is down 8.1% over the last year and up 25% the last 8. Notable locations are Las Vegas still up 58% in 8 years, LA 95%, Miami 89%, Tampa 75% and Washington 97%.

So the epicenter markets like Phoenix, Vegas and Miami that are hitting the airwaves with drastic reductions in values are still pretty good if you bought in 2000. If someone told you in 2000 if you bought this house and it would be up 58% in 8 years you probably would have jumped to sign the contract. If you bought in the last 3 years then your view is not so good.

Metro Area	June 2008	Change from May	Year-over-year change
Atlanta	125.08	0.6%	-8.1%
Boston	162.32	1.2%	-5.2%
Charlotte	133.64	0.4%	-1.0%
Chicago	150.25	0.2%	-9.5%
Cleveland	109.67	0.7%	-7.3%
Dallas	122.38	0.7%	-3.2%
Denver	131.64	1.5%	-4.7%
Detroit	92.68	-0.1%	-16.3%
Las Vegas	158.51	-1.6%	-28.6%
Los Angeles	195.74	-1.4%	-25.3%
Miami	189.87	-1.7%	-28.3%
Minneapolis	141.50	1.0%	-13.9%
New York	194.22	0.2%	-7.3%
Phoenix	153.19	-2.6%	-27.9%
Portland	175.03	-0.3%	-5.8%
San Diego	175.37	-1.5%	-24.2%
San Francisco	159.83	-1.8%	-23.7%
Seattle	178.28	-0.2%	-7.1%
Tampa	175.11	-1.1%	-20.1%
Washington	197.39	-0.9%	-15.7%

Source: Standard & Poor’s and FiservData