See a History of House Values: Prices are Falling Again
April 14, 2011 Leave a comment
See this very interesting graph showing the change in the housing price index in the US. You will note that it is still heading down and this should be reflected by further declines in property values and problems for local government that depend on property taxes.
Note: This chart has been liberally copied without identifying either the source or author. If you see this elsewhere on the intertubes, you should recognize that it was created by Steve Barry, and is originally published here at TBP.(http://www.ritholtz.com/blog/2011/04/case-shiller-100-year-chart-2011-update/)