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Chart 30
California experienced multiple-year home price decline in the 90s
| Quarter |
Year |
Home Price Growth, Year-Over-Year (percent) |
| 1 |
1986 |
6.16 |
| 2 |
1986 |
6.76 |
| 3 |
1986 |
6.62 |
| 4 |
1986 |
7.97 |
| 1 |
1987 |
9.38 |
| 2 |
1987 |
9.87 |
| 3 |
1987 |
10.95 |
| 4 |
1987 |
11.35 |
| 1 |
1988 |
12.55 |
| 2 |
1988 |
14.38 |
| 3 |
1988 |
16.16 |
| 4 |
1988 |
19.23 |
| 1 |
1989 |
20.3 |
| 2 |
1989 |
21.3 |
| 3 |
1989 |
22.52 |
| 4 |
1989 |
19.66 |
| 1 |
1990 |
15.8 |
| 2 |
1990 |
10.73 |
| 3 |
1990 |
5.55 |
| 4 |
1990 |
1.8 |
| 1 |
1991 |
0.47 |
| 2 |
1991 |
-0.51 |
| 3 |
1991 |
-1.34 |
| 4 |
1991 |
0.03 |
| 1 |
1992 |
-0.46 |
| 2 |
1992 |
-0.84 |
| 3 |
1992 |
-1.03 |
| 4 |
1992 |
-2.69 |
| 1 |
1993 |
-3.66 |
| 2 |
1993 |
-3.49 |
| 3 |
1993 |
-4.12 |
| 4 |
1993 |
-3.79 |
| 1 |
1994 |
-3.26 |
| 2 |
1994 |
-4.82 |
| 3 |
1994 |
-5.44 |
| 4 |
1994 |
-6.31 |
| 1 |
1995 |
-6.03 |
| 2 |
1995 |
-2.7 |
| 3 |
1995 |
-0.12 |
| 4 |
1995 |
1.29 |
| 1 |
1996 |
2.04 |
| 2 |
1996 |
-0.35 |
| 3 |
1996 |
-1.7 |
| 4 |
1996 |
-1.06 |
| 1 |
1997 |
-0.57 |
| 2 |
1997 |
1.73 |
| 3 |
1997 |
4.06 |
| 4 |
1997 |
5.34 |
| 1 |
1998 |
7.08 |
| 2 |
1998 |
8.34 |
| 3 |
1998 |
8.95 |
| 4 |
1998 |
9.07 |
| 1 |
1999 |
8.4 |
| 2 |
1999 |
7.9 |
| 3 |
1999 |
7.45 |
| 4 |
1999 |
7.7 |
| 1 |
2000 |
10.65 |
| 2 |
2000 |
11.71 |
| 3 |
2000 |
13.02 |
| 4 |
2000 |
14.1 |
| 1 |
2001 |
13.65 |
| 2 |
2001 |
14.09 |
| 3 |
2001 |
12.67 |
| 4 |
2001 |
10.85 |
| 1 |
2002 |
9.53 |
| 2 |
2002 |
9.82 |
| 3 |
2002 |
11.59 |
| 4 |
2002 |
13.21 |
| 1 |
2003 |
12.8 |
| 2 |
2003 |
11.2 |
| 3 |
2003 |
10.71 |
| 4 |
2003 |
14.4 |
| 1 |
2004 |
15.34 |
| 2 |
2004 |
20.35 |
| 3 |
2004 |
28.17 |
| 4 |
2004 |
24.97 |
| 1 |
2005 |
26.62 |
| 2 |
2005 |
25.9 |
| 3 |
2005 |
19.26 |
Note: Quarterly data through third quarter 2005.
Source: Office of Federal Housing Enterprise Oversight/Haver Analytics. |