Chart of the Day - Home prices down 35% since 2005 peak

Chart of the Day

For some perspective into the all-important US real estate market, today's chart illustrates the US median price of a single-family home over the past 40 years. Not only did housing prices increase at a rapid rate from 1991 to 2005, the rate at which housing prices increased -- increased. That brings us to today's chart which illustrates how housing prices have dropped 35% from the 2005 peak. In fact, a home buyer who bought the median priced single-family home at the 1979 peak has actually seen that home lose value (4.3% loss). Not an impressive performance considering that over three decades have passed. It is worth noting that the median priced home has moved back to the top of a trading range that existed from the late 1970s into the mid-1990s.

Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.

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Events of the Day
March 29, 2010 - Passover (1st day)
April 01, 2010 - April Fool's Day
April 02, 2010 - Good Friday
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April 06, 2010 - Masters golf tournament begins (ends April 12th) - NCAA women's basketball championship

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