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Mortgage Meltdown: U.S. Home Prices – Comparing 2006 to 2010

June 3rd, 2010 by Eric Kandell

Between 1997 and 2006 the price of the typical American home increased by 126%.  Pretty amazing number to see huh?  Well, what about from 2006 to 2010?  What has happened in the more recent market and how is the current housing market looking?  Whether you are buying, selling, looking for a VA loan, or traditional, check out the infographic below to find those answers.

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Mortgage Meltdown: U.S. Home Prices - Comparing 2006 to 2010

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Eric Kandell has worked in the mortgage industry since 1997. Since day one he has focused his mortgage efforts towards veterans and mastering VA loans. Eric is the owner of LowVARates.com and also manages a mortgage company full time. One of Eric’s claims to fame, is that seasoned VA underwriters will call him from time to time for information on some very intricate VA loan questions.

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One Response to “Mortgage Meltdown: U.S. Home Prices – Comparing 2006 to 2010”

  1. Laura Morton says:

    Very interesting. I am surprised at Phoenix, Arizona. I was looking for negative figures. With all the foreclosures and short sales in Arizona in the last 6 to 8 months, these numbers are amazing. However, you have to take all surveys and reports with a grain of salt. The number do not account for the shadow inventory. No one is sure what this number is.

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