You might want to study up on your english and/or math.
That's an 11% drop in 1 *year*.
That's an 11% drop in 1 *year*.
Quote from traderdragon2:
Home prices dropped 11% in one month, and sales surged.
Think of this as a candle chart, and you get a huge RED candle on HIGH volume.
Bad times ahead for realestate.
If they lost 11% in price over a whole year, it would be the biggest loss since 1970, but they managed this in just one month, WOW, holy sh**!