This is what they add: "Here’s a little bit about our methodology: We calculated the total value of the housing market for three separate months – the peak (March of 2007), the trough (Nov of 2011) and the latest (June of 2012). We then calculated the theoretical value of the housing market during each of these periods, by multiplying the average price of a sold home by the estimated number of housing units, using numbers supplied by the U.S. Census Bureau."
This is looking at averages throughout the nation. Each area is different, and in particular our area would not fit in this mold. Nonetheless, this gives some interesting perspective.
Francis
Current Mortgage rates
Non-profit organization worth noting: Partners for New Generations.
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