Home prices fell by 16.7 percent during the Great Recession of 2007 to 2009 in the United States. However, such a significant decrease in prices did not happen in the other four recessions which have occurred since 1980.
Home price change during recessions in the United States since 1980
Characteristic
Home price change
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Redfin. (December 2, 2019). Home price change during recessions in the United States since 1980 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin. "Home price change during recessions in the United States since 1980." Chart. December 2, 2019. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin. (2019). Home price change during recessions in the United States since 1980. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin. "Home Price Change during Recessions in The United States since 1980." Statista, Statista Inc., 2 Dec 2019, https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin, Home price change during recessions in the United States since 1980 Statista, https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/ (last visited August 25, 2024)
Home price change during recessions in the United States since 1980 [Graph], Redfin, December 2, 2019. [Online]. Available: https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/