Home prices fell by 16.7 percent during the Great Recession of 2007 to 2009 in the United States. However, such a significant decrease in prices did not happen in the other four recessions which have occurred since 1980.
Home price change during recessions in the United States since 1980
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Statistics
Redfin. (December 2, 2019). Home price change during recessions in the United States since 1980 [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin. "Home price change during recessions in the United States since 1980." Chart. December 2, 2019. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin. (2019). Home price change during recessions in the United States since 1980. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin. "Home Price Change during Recessions in The United States since 1980." Statista, Statista Inc., 2 Dec 2019, https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/
Redfin, Home price change during recessions in the United States since 1980 Statista, https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/ (last visited May 21, 2024)
Home price change during recessions in the United States since 1980 [Graph], Redfin, December 2, 2019. [Online]. Available: https://www.statista.com/statistics/1091698/home-price-change-during-recessions-us/