Home values have already collapsed to 2003 levels.
But an even more grim picture comes when you adjust for inflation. That home you bought in 1979 has lost 8.5% of its inflation-adjusted value.
From Chart Of The Day:
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Saturday, April 23, 2011
Inflation Adjusted Median Home Prices Below 1979 Levels
Posted By Milton Recht
From "That Home You Bought In 1979 Has Lost 8.5% Of Its Inflation-Adjusted Value" by Gus Lubin:
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