If you live in some of these metro areas and are trying to time the market to capture the most value before you sell and relocate, you have most likely waited too long. If you are definite about your desire to move, my suggestion would be to put your home on the market ASAP. Time is not your friend. If you are considering warmer weather locales, let me make a suggestion: http://www.HomesAndCondosCharleston.com
"The values of 45 percent of houses in both the Washington and New York areas slumped by at least 2 percent in June from a year earlier, according to a new index created by Allan Weiss, co-founder of the Case-Shiller home price indexes. In June 2014, only 15 percent of Washington residences dropped in value, while 20 percent fell in New York. Because the index is of only single-family homes, it doesn't include Manhattan. More properties also were in decline in Los Angeles, Chicago, Phoenix and Miami."
Read the Entire Article: http://www.bloomberg.com/news/articles/2015-09-03/almost-half-of-homes-in-new-york-and-d-c-are-now-losing-value
