{"id":189800,"date":"2010-02-12T20:25:00","date_gmt":"2010-02-13T01:25:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/12\/home-prices-fell-12-in-2009\/"},"modified":"2010-02-12T20:25:00","modified_gmt":"2010-02-13T01:25:00","slug":"home-prices-fell-12-in-2009","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/12\/home-prices-fell-12-in-2009\/","title":{"rendered":"Home Prices Fell 12% in 2009"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 400px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img713.imageshack.us\/img713\/575\/charthomepricesmetrotop.gif\"><img decoding=\"async\" src=\"http:\/\/img713.imageshack.us\/img713\/575\/charthomepricesmetrotop.gif\" bordercolor=\"white\" border=\"0\" width=\"390\" \/><\/a> <span style=\"font-style: italic;\">Better, but still grim<\/span><\/div>\n<p>Actually, 11.9%, but why quibble over 10 basis points?<\/p>\n<p>If you listen to the National Association of Realtors, (and if you have 2 brain cells to rub together, <span style=\"font-weight: bold;\">don&#8217;t listen to the NAR<\/span>) they say that this is encouraging because the 4<sup>th<\/sup> quarter drop was the smallest quarterly drop in 2 years, but that&#8217;s because we had the little gold rush for the tax credit.<\/p>\n<p>If you look at the <a href=\"http:\/\/money.cnn.com\/2010\/02\/12\/real_estate\/housing_prices_rents.fortune\/index.htm\">latest rent-to-own ratio,<\/a> we still have some price declines to go, though, as <a href=\"http:\/\/40yrs.blogspot.com\/2010\/01\/economics-year-end-data-points.html\">I have noted before<\/a>, rents are trending downward too, which would indicate that there is a lot more pain on the way than the rather facile analysis at the first link.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Better, but still grim Actually, 11.9%, but why quibble over 10 basis points? If you listen to the National Association of Realtors, (and if you have 2 brain cells to rub together, don&#8217;t listen to the NAR) they say that this is encouraging because the 4th quarter drop was the smallest &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088,992],"tags":[],"class_list":["post-189800","post","type-post","status-publish","format-standard","hentry","category-real-estate","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189800"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189800"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189800\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}