January 2011 Home Prices

The trend of falling home prices is continuing.  It looks like January 2011 prices are almost identical to the prices for 2009, which is a slight drop from 2010.  It’s obvious that all the gains from 2002 to 2007 in home values have not only been lost, but have regressed to 2000 and 2001 values.  I think history will show that since the Great Depression, a five year period will show a decline in American home values.

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