It's Going Down

Nick Van Zanten
Extended through November 21
November 1 - November 21, 2012
Artists Reception: November 1, 6 - 8 pm

New York City - 540 W 29th Street


PRESS RELEASE

The Case-Shiller Composite 20 index tracks the value of homes in the 20 largest metropolitan areas in the United States.

The Case-Shiller Index value for Dallas in
Mar. 2003: 112.93
Aug. 2007: 126.31
Jan. 2009: 112.60
(down 12% between 2009 and 2007)

…for Chicago in
May 2003: 130.52
Sept. 2006: 168.60
Jan. 2009: 130.85
(down 23%)

…for Los Angeles in
Sept. 2003: 165.29
Sept. 2006: 273.94
Jan. 2009: 166.55
(down 40%)

…for Miami in
Sept. 2003: 157.28
Dec. 2006: 280.87
Jan. 2009: 158.97
(down 44%)

…for Phoenix in
Feb. 2003: 117.72
Jun. 2006: 227.42
Jan. 2009: 117.13
(down 49%)

…and for Las Vegas in
May 2003: 125.68
Aug. 2006: 234.78
Jan. 2009: 125.68
(down 47%)

The Case-Shiller value for Las Vegas today: 92.55
(down another 27% from 2009 and 2003)

Growth in the Case-Shiller value for Miami between 2000 and peak in 2006: 281%

Miami is now down 47% from that peak, and down 11% from 2003 and 2009.