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Thursday, December 30, 2010

Housing: Hank Paulson takes a loss

by Calculated Risk on 12/30/2010 10:45:00 PM

From Reuters: Ex-Treasury chief Paulson loses $1 mln on DC home

Paulson bought the home for $4.3 million in August 2006, and sold the home for $3.25 million on Dec 21st this year. A decline of almost 25%. Ouch.

That is about normal for D.C.

Case-Shiller Price DeclinesClick on graph for larger image in new window.

Here is the graph of the price declines for the 20 Case-Shiller cities.

Washington D.C. is off 27% from the peak. The price peak was in March 2006, and prices had already declined about 3% by August when Paulson bought.

He could have done worse. Prices in D.C. are up since March 2009.

Note: For those who missed it, yesterday I posted A few for Graphs for 2010. Enjoy!