Below is a chart showing single family home prices are currently 30% off their peak. The data is adjusted for inflation from 1970 through August 2009.
Chart above and comments below courtesy of chartoftheday.com
- The median price of a single-family home dropped 2.3% in August.
- Housing prices are currently 30% off their 2005 peak. In fact, a home buyer who bought the median priced single-family home at the 1979 peak has seen that home appreciate by a mere 4%. Not an impressive performance considering that three decades have passed.
- Over the past two months, single-family home prices have resumed their decline and remain (until proven otherwise) in an accelerated downtrend.
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