A Look at Housing Prices in the Recession

These two posts from Richard Florida look at how housing is faring during the economic recession. He looks at home prices in 300 metro areas, and how things have changed between the peak in 2006 to today.

1 minute read

July 24, 2009, 6:00 AM PDT

By Nate Berg


Florida goes beyond the 20 metropolitan areas covered by the Case-Shiller Home Price Index to give a more comprehensive look at the state of housing prices in U.S. Cities.

"Under-performers: These are regions where housing values have slipped even more than predicted. Among large metros, the under-performers include: Los Angeles (where values are off $79,789 more than expected based on the national trend), San Francisco (-$79,029), Las Vegas ($-72,421), Phoenix (-$69,897), and Miami (-$53,021)."

He also provides a graph in his second post showing how prices have changed since 2006, and which cities' changes were less than expected.

Thursday, July 23, 2009 in Creative Class Exchange

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Concrete Brutalism building with slanted walls and light visible through an atrium.

What ‘The Brutalist’ Teaches Us About Modern Cities

How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.

February 28, 2025 - Justin Hollander

Complete Street

‘Complete Streets’ Webpage Deleted in Federal Purge

Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.

February 27, 2025 - Streetsblog USA

Green electric Volkswagen van against a beach backdrop.

The VW Bus is Back — Now as an Electric Minivan

Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.

March 3, 2025 - ABC 7 Eyewitness News

Multicolored tulips in Descanso Gardens, Los Angeles, CA.

Spring Spectacle: Thousands of Tulips Bloom at One of LA’s Top Gardens

Descanso Gardens, one of Los Angeles County’s most beloved botanical destinations, is welcoming spring with 35,000 tulips in bloom, creating a breathtaking seasonal display expected to peak in late March.

1 minute ago - NBC 4

Power lines and towers at dusk.

Ratepayers Could Be on the Hook for Data Centers’ Energy Use

Without regulatory changes, data centers’ high demand for energy would be subsidized by taxpayers, according to a new study.

1 hour ago - Governing

Yellow bird with black head sitting on power line.

City Nature Challenge: Explore, Document, and Protect Urban Biodiversity

The City Nature Challenge is a global community science event where participants use the iNaturalist app to document urban biodiversity, contributing valuable data to support conservation and scientific research.

2 hours ago - City Nature Challenge