Real Estate Time Machine: Home Prices at 2002 Levels

Home prices across America have stumbled to 2002 levels.

By Chris Roberts
|  Wednesday, Mar 7, 2012  |  Updated 5:24 PM PDT
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Real Estate Time Machine: Home Prices at 2002 Levels

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Homes are not underwater, but are sinking to 2002 price levels.

You own a time machine, and you don't even know it.

Home prices in the United States are eerily similar to where they were about 10 years ago, according to a report published by CoreLogic Inc.

In California, the price of real estate has tumbled some 43.6 percent since its peak in the mid-2000s, according to the San Francisco Business Times. That's fourth-worst in the country, behind Nevada, Arizona, and Florida, where homes have lost between 60 and 49 percent of their bubble value, according to the newspaper.

Home prices have steadily declined for the past six months, the report said, and year-to-year price drops have continued for 18 months.

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