The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (56529)	3/22/2006 4:05:04 PM
From: CalculatedRisk	Read Replies (2) of 110194

Orange County is resilient - but we still had significant sales and price declines in the early 90s. Nominal median prices declined 17% according to OFHEO (Santa Ana-Anaheim-Irvine, CA) from 1990 through 1996. Real median prices declined close to 40%!!! The most painful part for homeowners was that prices declined steadily for 6 years (almost every quarter showed a small price decline).

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