This is a graph of the Miami housing market from 1992 to 2012. It was one of the most volatile and exciting times in real estate history. At the start of the new millennium in 2000, Miami was an expensive city to live in but home prices were relatively stable going up at a steady pace throughout the years. Sometime around the turn of the century, something speculator began to happen. Miami home prices began to go parabolic. The home index for the city read 120 in 2000, six years of massive growth later, it was 340, going up about 250% in just 7 years. When it finally popped in in the fall of 2007, real estate prices in the city would lose around 45% of their value. One of the worst crashes on record.