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:
Saturday, April 23, 2011
Inflation Adjusted Median Home Prices Below 1979 Levels
From "That Home You Bought In 1979 Has Lost 8.5% Of Its Inflation-Adjusted Value" by Gus Lubin:
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