Shiller sees scope for further home price declines up to 25%

Robert Shiller is out with a fantastic piece in the NY Times today on the housing decline. Shiller writes: HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time. Even the federal government has projected price decreases through 2010.

A jump in the national S&P/Case-Shiller Home Price Index suggests that the very steep price drops of the past few years may be over. That is the first quarter-over-quarter improvement in three years. Prices in the national index are down 14.9% compared with the second quarter of 2008, the report said. But that is better than the record 19.1% decline that was set in the first three months of 2009.

Home » Authors » poonkulali thangavelu.. shiller sees scope for further home price declines up to 25%.. There is room for home prices to decline another 10% to 25% in real terms over the.

 · Shiller Says Home-Price Drop Up to 25% Wouldn’t Surprise’. “There’s no precedent for this statistically, so no way to predict,” Shiller said today at.

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The chart on the previous page depicts the annual returns of the U.S. National, the 10-City Composite and the 20-city composite home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 5.1% decline in the first quarter of 2011 over the first quarter of 2010.

Case Shiller Home Price Numbers Strengthen Further. As shown, the national and composite 10 and 20 city indices are all up roughly 50% from their lows, while San Francisco is up the most at 118%. While Vegas is still the furthest below its housing-bubble highs at -25%, it’s up the 2 nd most off of its lows at +93%.

Fannie Mae unveils new forbearance program for unemployed Fannie Mae issued new guidelines to its servicers Wednesday, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial hardship due to job loss, including those facing imminent default. With unemployment forbearance, the servicer reduces or suspends monthly payments for a specified period for a borrower who is.

Mixed Picture For Home Prices Buying demand (and loan supply) is curtailed by potential further declines in home prices. Prices on existing homes, which make up more than 90% of. Meanwhhile, Case.

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Home Price Increases Continue in January According to the S&P/Case-Shiller Home Price Indices New York, March 29, 2016 – S&P Dow Jones Indices today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices.