177-Year-Old Real Estate Index Has Steepest Decline Since 1969

NOVATO, Calif., March 3 /PRNewswire/ The Winans International Real Estate Index measures U.S. new home prices from 1830.

From its all-time record of 296,000 set in March of 2007, the index has declined -16.8% to its current level of 246,300.

This marks the worst price decline in U.S. new home prices since the 17-month decline of -17.8% from May 1969 to October 1970.

The worst decline of U.S. new home prices in the last 100 years was the -55% decline from 1929 to 1932

More information on the Winans International Real Estate Index can be found at http://www.winansintl.com/.

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Source: Winans International Investment Management & Research

CONTACT: Ken Winans, President of Winans International Investment
Management & Research, +1-415-506-3070, Ken@winansintl.com

Web site: http://www.winansintl.com/

2008-03-03 17:39:05 0303445 PRNEWSWIRE