table above showing California house prices from 2000-2010. In what year did the price bubble burst? That is, in what year was the price drastically lower than the previous year? Figure 1.2.1: California median house prices, 2000-2010. A chart showing California house prices, with Year on the x-axis ranging from 2000 to 2010 and House prices on the y-axis, ranging from $0 to $600,000. The first point is the lowest and starts at the year 2000 and a price of $225,000 and gradually increases to a maximum to approximately $575,000 in 2007 from which point prices fall rapidly to $275,000 in 2009 where they start to increase again