#home-price-growth

#home-price-growth

In the wake of the Great Recession, which lasted from December 2007 to June 2009, home prices fell precipitously, bottoming out in February 2011 at 25% lower than the pre-recession high reported in July 2006, according to the Case-Shiller index. Plunging home values left millions of Americans hesitant to invest in a home and led to a sharp decline in the number of skilled laborers in the homebuilding sector.