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Earlier this week we examined how much home prices have fallen in percentage terms. Let’s now look at things a different way: how far have prices fallen in terms of time? In other words, how long ago was it that prices were last at their current levels?
The accompanying chart attempts to answer this question using the three tiers of the Case-Shiller home price index in addition to the overall index for San Diego. To find the appropriate months, I just took the March value of each index (the most recent available, unfortunately) and noted what prior month was closest to the March figure.
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Original Source
30 May, 2008| housingblogs |
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