According to the Standard and Poor's / Case Schiller Home Index, national home prices continued on a downward trend through their latest report released (end of October 2009). According to the same Index, home prices dropped as follows over a one year time period:

1.) Atlanta          - 8.1%.
2.) Chicago         - 10.1%.
3.) Detroit           - 15.1%.
4.) Las Vegas     - 26.6%.
5.) Los Angeles  - 8.1% (a very misleading number as many higher end West Los Angeles areas experienced a 30% + price decline over the past twelve months).
6.) Miami            - 14.0%.
7.) New York      - 7.7%.
8.) Phoenix        - 18.1%.
9.) Seattle         - 12.4%.
10.) Tampa        - 15.2%.

There are numerous investment opportunities nationwide. Specifically, the "bubble states" like California, Nevada, Florida, and Arizona offer the most distressed property buying opportunities of any region nationally.

We continue to offer our clients both access to the best real estate bargains as well as the best leveraged and affordable money to purchase these distressed residential or commercial real estate properties.

Happy New Year to All.