U.S. Housing prices down 9% since February

June 26, 2005 

The median house price in the United States plunged 6.5% in May to $217,000. In February of 2005, the median price of a home was $237,300. 
"The Economist" newspaper said in its June 16th issue; "In other words, it looks like the biggest bubble in history." by way of reference to what is happening with housing prices in the USA and much of Europe. 
Japan provides an example of how a boom can turn to bust. Property prices have dropped for 14 years in a row (40% from their peak in 1991); and yet, the rise in prices in Japan during the decade before 1991 was less than the increase over the past ten years in most of today's "housing boom" countries.
U.S. Housing prices down 9 % since February June 26 , 2005 The median house price in the United States plunged 6.5 % in May to $ 217,000 . In February of 2005 , the median price of a home was $ 237,300 . " The Economist " newspaper said in its June 16th issue ; " In other words , it looks like the biggest bubble in history . " by way of reference to what is happening with housing prices in the USA and much of Europe . Japan provides an example of how a boom can turn to bust . Property prices have dropped for 14 years in a row ( 40 % from their peak in 1991 ) ; and yet , the rise in prices in Japan during the decade before 1991 was less than the increase over the past ten years in most of today 's " housing boom " countries .
U.S. Housing prices
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February
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the United States
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May
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February of 2005
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the median price
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a home
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"The Economist" newspaper
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its June 16th issue
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other words
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the biggest bubble
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history
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housing prices
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the USA
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Europe
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Japan
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14 years in a row
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Japan
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the biggest bubble
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