Mar 19, 2022
9:06:31am
chivo Walk-on
Housing prices have never dropped 50%.
The largest housing price decline ever, the Great Recession, had a 34% decline from 2005-2009, when it ended and housing prices began to rise again. (Case Schiller Price Index) In the 7 years from 2009 to 2016, housing prices reached the pre-recession peak.
Prices will probably drop in a recession, but just like we haven't seen stock prices drop like the Great Depression, it is highly unlikely that we see drops again in housing like the Great Depression-especially given the factors that lead to that drop are not currently present in the market.
chivo
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chivo
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3/18/22 2:45pm

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