According to Zillow, the median value of a home in the US declined from $240,000 to $169,600 between April 2006 and March 2011. The aggregate decline in home values totalled approximately 29% for the five-year period.
Society needs to come to terms with the facts: US home values have been steadily declining for the past five-years. The continuing collapse of real estate values in the US provides clear evidence of economic depression in America.
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