Interactive graphic: Looking for the bottom of the housing bust

03/26/2009 2:12 PM

10/03/2012 11:44 AM

Sacramento metro home prices have declined steadily for almost 40 months How much lower can they go? Here's the case for and against home prices bottoming out soon. Scroll over each chart to investigate and slice the data yourself.

Pro: Correction almost complete · Pro: Most homes are affordable ·
Con: Foreclosures still dominate · Con: The economy, stupid



Pro: Home prices are about to stop falling

--Correction almost complete: At the end of the last bust, the median home in the region sold for, in today's dollars, abut $180,000, according to First American Real Estate Solutions. By the end of last year, the median home price for the region had dropped to $208,000. It likely fell a few more percentage points since then, meaning that if the boom was a mirage, we are back to reality.
Inflation-adjusted median home prices, Sacramento Region, 1991-2008

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