{"id":21849,"date":"2010-09-16T15:30:45","date_gmt":"2010-09-16T15:30:45","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/cnbc-home_price_double_dip_begins\/"},"modified":"2010-09-16T15:30:45","modified_gmt":"2010-09-16T15:30:45","slug":"cnbc-home_price_double_dip_begins","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=21849","title":{"rendered":"CNBC&#8211;Home Price Double Dip Begins"},"content":{"rendered":"<p>&#8230;.given the combination of the expiration of the home buyer tax credit and the increasing number of loans moving to final foreclosure, we knew that home prices overall would take a hit, but it would take a while.<\/p>\n<p>Well we&#8217;re here.<\/p>\n<p>Two new reports out today prove the consequences of oversupply of organic inventory (12.5 months on existing homes in July according to the National Association of Realtors) and the shadow inventory of foreclosed properties (estimates vary widely and wildly). CoreLogic&#8217;s Home Price Index shows home prices &#8220;flat&#8221; in July as transaction volume continues to decline. &#8220;This was the first time in five months that no year-over-year gains were reported,&#8221; according to the release. In June, prices were up 2.4 percent year over year. In addition, &#8220;36 states experienced price declines in July, twice the number in May and the highest number since last November when prices nationally were still declining.&#8221;<\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/id\/39192979\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;.given the combination of the expiration of the home buyer tax credit and the increasing number of loans moving to final foreclosure, we knew that home prices overall would take a hit, but it would take a while. Well we&#8217;re<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=21849\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,589,149,600,597,593,586,585,596],"tags":[],"class_list":["post-21849","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-personal-finance","category-the-2009-obama-administration-housing-amelioration-plan","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/21849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21849"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/21849\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}