{"id":24700,"date":"2011-02-23T17:20:55","date_gmt":"2011-02-23T17:20:55","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/npr_4_reasons_home_prices_are_likely_to_keep_falling\/"},"modified":"2011-02-23T17:20:55","modified_gmt":"2011-02-23T17:20:55","slug":"npr_4_reasons_home_prices_are_likely_to_keep_falling","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=24700","title":{"rendered":"(NPR) 4 Reasons Home Prices Are Likely To Keep Falling"},"content":{"rendered":"<p>1. There&#8217;s still a glut of houses on the market.<\/p>\n<p>At the current pace, it would take about seven months to sell all of the newly built houses on the market, and eight months to sell all of the existing homes on the market. In an ordinary market, it would take about six months to sell all of the homes on the market. This excess supply tends to push prices down.<\/p>\n<p>2. Distressed sales account for a huge chunk of all home sales.<\/p>\n<p><a href=\"http:\/\/www.npr.org\/blogs\/money\/2011\/02\/22\/133959885\/4-reasons-home-prices-are-likely-to-fall\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. There&#8217;s still a glut of houses on the market. At the current pace, it would take about seven months to sell all of the newly built houses on the market, and eight months to sell all of the existing<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=24700\">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":[40,149,600,596],"tags":[],"class_list":["post-24700","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/24700","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=24700"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/24700\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}