Home Prices Over Longer Time Periods!
The official start day of the crisis, was February 8th, 2007, according to Jim Bianco at Bianco Research...
so happy 7th anniversary!
We can see the largest decline in home prices was 33.5% in the current crash,
with the 1925 drop only 30% in prior home values.
Of course, you can see what happened after the end in 1933!
It took about 8 years to get our footing again,
putting our full raging recovery around 2015 if history repeats.
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