http://www.bloggingstocks.com/2009/0...n-home-prices/
"It has definitely been a tough couple of years for homeowners, especially those who have only recently bought their homes. As of December homes were, on average, 27% lower than they were in the housing peak of mid 2006, creating some serious headaches for homeowners who have seen their mortgages go under water."
$1,432,300 x 27% = $386,721 that's pretty close