{"id":111388,"date":"2009-12-29T09:04:00","date_gmt":"2009-12-29T14:04:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/case-shiller-housing-recovery-stalls-decline-of-73-worse-than-forecast-2009-12"},"modified":"2009-12-29T09:04:00","modified_gmt":"2009-12-29T14:04:00","slug":"case-shiller-housing-recovery-still-weak-october-decline-of-7-3-slightly-worse-than-forecast","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/111388","title":{"rendered":"Case-Shiller: Housing Recovery Still Weak, October Decline Of 7.3% Slightly Worse Than Forecast"},"content":{"rendered":"

For the second month in a row, the Case-Shiller numbers came in weaker than expected.<\/p>\n

On a year-over-year basis, the 20-city index fell 7.3% in October, a bit worse than the 7.1% analysts had expected.<\/p>\n

On a sequential basis, the price index was up .4%<\/a>, though gains were only seen in 11 of the 20 cities covered.<\/p>\n

But maybe there’s a bull case to be made. What we aren’t seeing is the huge drop-off in prices that many had predicted when the summer buying season ended.<\/p>\n

Granted, we’re providing unprecedented support to the housing market right now in the form of quantitative easing, the tax credit, and at least 6 other programs. So all that has to be considered. But the index is obviously showing some signs of stabilization, even if our feverish v-shaped dreams from earlier this year aren’t coming to fruition.<\/p>\n

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\nFull Case-Shiller October Report<\/a> – <\/span><\/p>\n

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