The Stockton real estate market was disproportionately affected by the 2007 subprime mortgage financial crisis, and the city led the United States in foreclosures for that year, with one of every 30 homes posted for foreclosure. From September 2006 to September 2007, the value of a median-priced house in Stockton declined by 44%.
The Stockton real estate market was disproportionately affected by the 2007 subprime mortgage financial crisis and the city led the United States in foreclosures for that year with one of every 30 homes posted for foreclosure From September 2006 to September 2007 the value of a median-priced house in Stockton declined by 44%