Okay, just how much did Home Values go down since 2007? Consumer Price Index

[kobayashi]

Here's the Consumer Price Index since 1913

[h=2]Consumer Price Index, 1913-[/h] CPI-U
Base year is chained;
1982-1984 = 100

1913 9.9 1914 10.0 1.3% 1915 10.1 0.9% 1916 10.9 7.7% 1917 12.8 17.8% 1918 15.0 17.3% 1919 17.3 15.2% 1920 20.0 15.6% 1921 17.9 -10.9% 1922 16.8 -6.2% 1923 17.1 1.8% 1924 17.1 0.4% 1925 17.5 2.4% 1926 17.7 0.9% 1927 17.4 -1.9% 1928 17.2 -1.2% 1929 17.2 0.0% 1930 16.7 -2.7% 1931 15.2 -8.9% 1932 13.6 -10.3% 1933 12.9 -5.2% 1934 13.4 3.5% 1935 13.7 2.6% 1936 13.9 1.0% 1937 14.4 3.7% 1938 14.1 -2.0% 1939 13.9 -1.3% 1940 14.0 0.7% 1941 14.7 5.1% 1942 16.3 10.9% 1943 17.3 6.0% 1944 17.6 1.6% 1945 18.0 2.3% 1946 19.5 8.5% 1947 22.3 14.4% 1948 24.0 7.7% 1949 23.8 -1.0% 1950 24.1 1.1% 1951 26.0 7.9% 1952 26.6 2.3% 1953 26.8 0.8% 1954 26.9 0.4% 1955 26.8 -0.3% 1956 27.2 1.5% 1957 28.1 3.4% 1958 28.9 2.7% 1959 29.2 0.9% 1960 29.6 1.5% 1961 29.9 1.1% 1962 30.3 1.2% 1963 30.6 1.3% 1964 31.0 1.3% 1965 31.5 1.6% 1966 32.5 3.0% 1967 33.4 2.8% 1968 34.8 4.2% 1969 36.7 5.4% 1970 38.8 5.9% 1971 40.5 4.2% 1972 41.8 3.3% 1973 44.4 6.3% 1974 49.3 11.0% 1975 53.8 9.1% 1976 56.9 5.8% 1977 60.6 6.5% 1978 65.2 7.6% 1979 72.6 11.3% 1980 82.4 13.5% 1981 90.9 10.4% 1982 96.5 6.2% 1983 99.6 3.2% 1984 103.9 4.4% 1985 107.6 3.5% 1986 109.7 1.9% 1987 113.6 3.6% 1988 118.3 4.1% 1989 123.9 4.8% 1990 130.7 5.4% 1991 136.2 4.2% 1992 140.3 3.0% 1993 144.5 3.0% 1994 148.2 2.6% 1995 152.4 2.8% 1996 156.9 2.9% 1997 160.5 2.3% 1998 163.0 1.5% 1999 166.6 2.2% 2000 172.2 3.4% 2001 177.0 2.8% 2002 179.9 1.6% 2003 184.0 2.3% 2004 188.9 2.7% 2005 195.3 3.4% 2006 201.6 3.2% 2007 207.3 2.8% 2008 215.2 3.8% 2009 214.5 -0.3% 2010 218.1 1.6% 2011* 226.3 3.8%

*An estimate for 2011 is based on the change in the CPI from third quarter 2010 to third quarter 2011.

Here's how to use it:
[the chart above is from http://www.minneapolisfed.org/commun...c/hist1913.cfm
]

[h=2]How the CPI is used to make these calculations.[/h]

• What would an item or service purchased in 2011 be worth in 19?? dollars?
  
  Example:
  
  The CPI is used to calculate how prices have changed over the years. Let's say you have $7 in your pocket to purchase some goods and services today. How much money would you have needed in 1950 to buy the same amount of goods and services?
  
  The CPI for 1950 = 24.1
  The CPI for 2011 = 226.3*
  Use the following formula to compute the calculation:
  1950 Price = 2011 Price x (1950 CPI / 2011 CPI*)
  $0.75 = $7.00 x (24.1 /226.3)

• What would an item or service purchased in 19?? be worth in 2011 dollars?
  
  Example:
  
  Let's say your parents told you that in 1950 a movie cost 25 cents. How could you tell if movies have increased in price faster or slower than most goods and services? To convert that price into today's dollars, use the CPI.
  
  The CPI for 1950 = 24.1
  The CPI for 2011 = 226.3*
  A movie in 1950 = $0.25
  Use the following formula to compute the calculation:
  2011 Price = 1950 Price x (2011 CPI* / 1950 CPI)
  $2.35 = $0.25 x (226.3/24.1) A full-price movie at a Minneapolis theater costs between $6.00 and $10.00. Looks like movies have increased in price faster than most other goods and services.
  

[the how to examples are at http://www.minneapolisfed.org/commun.../teacher/calc/
]


Okay, look at the number in the right hand column for 1921 - it's Minus 10.9%
That's "The Worst Twentieth Century Depression", the next worse one was the 1932 at minus 10.3%

The worst twenty first century depression [by their calc] is 2009 at minus 0.3%

So how much have house values dropped?

[Joe-Nathan]

Well I know that my tax assessor re-assessed my home last year and its valve decreased by $4000+/-. Of course she could use a new coat of paint inside and outside, gutters need to be cleaned, a few window screens need to replaced, new plumbing, new electric, new insulation... not to much for a 100+ yo house.

[Squirrelmonkey]

Condos.....2006 355k 2011 215k
Houses......2008 416k 2011 299k

And these are just 2 examples Im currently dealing with.

Please mr & mrs customer.....please dont stop paying your mortgage

Sent from my SCH-I500 using Tapatalk

[Windwatcher]

Down about 15-20% in value since 2007. Better than some areas, I guess, but still has some people upside down in their mortgages.