{"id":347382,"date":"2011-03-29T13:16:55","date_gmt":"2011-03-29T13:16:55","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/29\/home-prices-fall-near-2009-lows\/"},"modified":"2011-03-29T13:16:55","modified_gmt":"2011-03-29T13:16:55","slug":"home-prices-fall-near-2009-lows","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/29\/home-prices-fall-near-2009-lows\/","title":{"rendered":"Home prices fall near 2009 lows"},"content":{"rendered":"<p><div readability=\"48.720421393841\"><span id=\"fb-recommend\"\/><br \/>\n<span>By Les Christie, staff writer<\/span><span>March 29, 2011: 9:14 AM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><\/p>\n<p>NEW YORK (CNNMoney) &#8212; January home prices fell for the sixth month in a row, nearing the housing market&#8217;s 2009 lows.<\/p>\n<p>The S&#038;P\/Case-Shiller home price index covering 20 major markets fell 3.1% year-over-year, and was down 1% compared with December 2010. <\/p>\n<p>After rebounding nearly 7% off their post-bubble lows, prices have fallen more than 5% since July and are only 1.1% higher than the bottom set in April, 2009.<\/p>\n<p>&#8220;January brings us weakening home prices with no real hope in sight for the near future,&#8221; says David M. Blitzer, a spokesman for S&#038;P.<\/p>\n<p>The dismal report followed other negative housing market indicators recently. <a href=\"http:\/\/money.cnn.com\/2011\/03\/21\/news\/economy\/existing_home_sales\/index.htm\">Sales of existing homes<\/a> were off nearly 10% in February and <a href=\"http:\/\/money.cnn.com\/2011\/03\/23\/real_estate\/new_home_sales\/index.htm\">new homes sales were at a record low<\/a>.<\/p>\n<p>&#8220;The housing market recession is not yet over,&#8221; said Blitzer, &#8220;and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing.&#8221;\u00a0<a href=\"http:\/\/money.cnn.com\/2011\/03\/29\/real_estate\/January_home_prices\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/0e63013ebug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p><!--endclickprintexclude--><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/0e63013ebug.gif\" \/><\/p>\n<p>Read this article:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/5b2_IIhlI9o\/index.htm\" title=\"Home prices fall near 2009 lows\" rel=\"noopener noreferrer\">Home prices fall near 2009 lows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> By Les Christie, staff writer March 29, 2011: 9:14 AM ET NEW YORK (CNNMoney) &#8212; January home prices fell for the sixth month in a row, nearing the housing market&#8217;s 2009 lows. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-347382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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