July 14, 2024

home valuesFreddie Mac announced recently that its Conventional Mortgage Home Price Index (CMHPI) Classic Series registered a 1.3 percent drop in U.S. home values during the third quarter of 2007 on an annualized basis, down from a revised second quarter 2007 annualized rate of 0.5 percent and the largest decline in 25 years.  

Over the year ending with the third quarter, home values appreciated 1.9 percent on average, down from the 7.8 percent growth over the same period a year earlier.[tags]home values, real estate market, real estate bubble, housing bubble, San Diego real estate[/tags] San Diego California real estate agents

2 thoughts on “Home Values Decline … Largest in 25 Years

  1. Lenin was (sort of) right! He just didn’t know why. The inherent contradictions in a capitalist society will destroy capitalism as you know it! The oppression and greed of banks will lead to massive dislocations in the economy that will force true economic and social revolution in this country through legalized institutions.

    Robert
    San Diego California Real Estate

  2. Mark my words, either Obama or Clinton will win – and the legal changes they bring will force a more equitable distribution of wealth AND risk. First, rebuild the social safety net, shredded by decades of rightwing mismanagement. Second, better govt regulation will bring more centralized control back over the markets. As time goes on, the federal govt will reassert its rightful authority over more sectors of the economy, and we will march together into a brighter future for our children!

    Chandler
    San Diego California Dentist

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