That's how far home prices dipped across the country when compared to the first quarter of 2010. The drop is the third straight quarter of losses for the nation's housing stock and brings home values down some 32 percent from last decade's market peak. According to CNN Money, prices are now at the pre-boom level of 2002. Bend, of course, continues to be at the top of the loser list, dropping a whopping 8 percent since this time last year.
Kudos to The Bulletin for pointing out the silver lining: Bend is no longer officially in the Top 20 worst performing markets ranking, 288 out of 309 in home appreciation. For the mathematically challenged, that puts us in solidly as the 21st worst place to be invested in a home.
Break out the champagne.