{"id":193086,"date":"2009-01-21T18:40:00","date_gmt":"2009-01-21T23:40:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/21\/real-estate-implosion\/"},"modified":"2009-01-21T18:40:00","modified_gmt":"2009-01-21T23:40:00","slug":"real-estate-implosion","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/21\/real-estate-implosion\/","title":{"rendered":"Real Estate Implosion"},"content":{"rendered":"<p>David Crowe, or the <span style=\"font-weight: bold;\">National Association of Home Builders<\/span>, the folks who generally try to paint a bright picture of housing <a href=\"http:\/\/www.lvrj.com\/news\/breaking_news\/37937384.html\">predicts that house prices will further collapse in 2009<\/a>.<\/p>\n<p>In addition to a 25.3% in the Case\/Shiller Home Price Index drop since the peak in March, 2006, he is saying that house prices will fall a further <span style=\"font-weight: bold;\">29%<\/span> in 2009, for a total drop from peak of <span style=\"font-weight: bold;\">47%<\/span>.<\/p>\n<p>Ouch.<\/p>\n<p>Though I would also note that this likely a lead in to a pitch for some sort of Federal aid.<\/p>\n<p>H\/T <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/01\/national-association-of-home-builders.html\">Calculated Risk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Crowe, or the National Association of Home Builders, the folks who generally try to paint a bright picture of housing predicts that house prices will further collapse in 2009. In addition to a 25.3% in the Case\/Shiller Home Price Index drop since the peak in March, 2006, he is saying that house prices will &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],"tags":[],"class_list":["post-193086","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193086"}],"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=193086"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193086\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}