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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (3591)7/25/2002 9:13:24 PM
From: Elroy JetsonRead Replies (1) of 306849
 
The decline in real estate demand didn't last long in the 1930s either.

Homes prices in Los Angeles bottomed out in 1934, 69% lower than at their peak. Real estate prices rose again from 1934 onward but did not fully recover in value until 1943. So the decline was only for 3 or 4 years, but full recovery took 12 or 13 years.

The 1989 decline in Los Angeles took 3 or 4 years but full recovery took 9 years or so, depending on the neighborhood.
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