{"id":2650,"date":"2010-08-30T11:31:22","date_gmt":"2010-08-30T17:31:22","guid":{"rendered":"http:\/\/www.boulderblueline.org\/?p=2650"},"modified":"2010-08-30T11:46:45","modified_gmt":"2010-08-30T17:46:45","slug":"atlantic-home-prices-may-drop-another-25","status":"publish","type":"post","link":"https:\/\/www.boulderblueline.org\/?p=2650","title":{"rendered":"Atlantic | Home Prices May Drop Another 25%"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/assets.theatlantic.com\/static\/mt\/assets\/business\/Shiller-Ritholtz-Barry%20Home%20Price%20Index.png\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"History of Home Values\" src=\"http:\/\/assets.theatlantic.com\/static\/mt\/assets\/business\/Shiller-Ritholtz-Barry%20Home%20Price%20Index.png\" alt=\"\" width=\"393\" height=\"311\" \/><\/a><\/p>\n<p>With all the talk of the awful sales numbers for both <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2010\/08\/how-bad-was-julys-plummet-in-home-sales\/61959\/\">existing<\/a> and <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2010\/08\/new-home-sales-fell-124-in-july\/62027\/\">new<\/a> homes in July, there was one small kernel of seeming good news:  existing home prices rose slightly. The national median home price  actually increased by 0.7% last month compared to a year earlier,  according to the <a href=\"http:\/\/www.realtor.org\/press_room\/news_releases\/2010\/08\/ehs_fall\">National Association of Realtors<\/a>. But don&#8217;t expect this trend to continue &#8212; prices still have a ways to fall before they settle at their natural level.<\/p>\n<p>Several weeks ago, Barry Ritholtz <a href=\"http:\/\/www.ritholtz.com\/blog\/2010\/07\/updating-the-case-shiller-100-chart-forecast\/\">posted<\/a> the following chart. It was originally featured by the <a href=\"http:\/\/www.nytimes.com\/imagepages\/2006\/08\/26\/weekinreview\/27leon_graph2.html\">New York Times<\/a>, and updated by a commenter to Ritholtz&#8217;s blog named Steve Barry.<\/p>\n<p>Read the entire article at the Atlantic:\u00a0\u00a0 <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2010\/08\/home-prices-may-drop-another-25\/62049\/\">Home Prices May Drop Another 25%<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With all the talk of the awful sales numbers for both existing and new homes in July, there was one small kernel of seeming good news: existing home prices rose [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":2662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[144],"class_list":["post-2650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-articles","tag-housing"],"_links":{"self":[{"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/posts\/2650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2650"}],"version-history":[{"count":8,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/posts\/2650\/revisions"}],"predecessor-version":[{"id":2658,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/posts\/2650\/revisions\/2658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=\/wp\/v2\/media\/2662"}],"wp:attachment":[{"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boulderblueline.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}