By Jann Swanson | Mortgage News Daily
CoreLogic, in a recent article on its blog, celebrated, if that’s the word, the 10th anniversary of the housing bubble. Principal Economists David Stiff said that the CoreLogic Case-Shiller Home Price Index reached its peak in July 2006. And the beginning of the end. Over the next six years the index dropped 27 percent and still remains down 4 percent from its “peak nominal value.” (He notes that, in inflation-adjusted terms, the March national Case-Shiller index was down18 percent from its peak value.)
