Some reports indicate that home values are falling in October and are 5 % below 1 ago level. From the 2007 peak, values have fallen by 25.8 %. This big drop mirrors that seen in the Great Depression, where home values fell 25.9 %. These figures are not surprising when one considers the subprime mortgage crisis, foreclosures (over 7 million loans are delinquent or in foreclosure), and an unemployment rate of 9.8 %
