{"id":1095,"date":"2009-01-25T23:49:28","date_gmt":"2009-01-25T22:49:28","guid":{"rendered":"http:\/\/blog.widmann.org.uk\/2009\/01\/25\/1095\/"},"modified":"2009-01-25T23:49:28","modified_gmt":"2009-01-25T22:49:28","slug":"house-prices-will-keep-falling-for-another-3%c2%bd-years","status":"publish","type":"post","link":"https:\/\/widmanniana.org\/blog\/house-prices-will-keep-falling-for-another-3%c2%bd-years\/","title":{"rendered":"House prices will keep falling for another 3\u00bd years"},"content":{"rendered":"<div style=\"float: right; margin-left: 10px; margin-bottom: 10px;\">\n<a href=\"http:\/\/www.flickr.com\/photos\/27128437@N07\/2535104628\/\" title=\"photo sharing\"><img decoding=\"async\" src=\"http:\/\/farm4.static.flickr.com\/3187\/2535104628_109d488a71_m.jpg\" alt=\"\" style=\"border: solid 2px #000000;\" \/><\/a><br \/>\n<span style=\"font-size: 0.9em; margin-top: 0px;\"><br \/>\n<a href=\"http:\/\/www.flickr.com\/photos\/27128437@N07\/2535104628\/\">Houses for sale<\/a><br \/>\nOriginally uploaded by <a href=\"http:\/\/www.flickr.com\/people\/27128437@N07\/\">I See Modern Britain<\/a><br \/>\n<\/span>\n<\/div>\n<p>I forgot to blog this at the time, but there was an very interesting <a href=\"http:\/\/www.economist.com\/finance\/displaystory.cfm?story_id=12887385\">article<\/a> in The Economist a few weeks ago.<\/p>\n<p>It was about a recent statistical study of recessions that had come up with some interesting results.<\/p>\n<ul>\n<li>House prices tend to fall 36% from their peak, and this fall takes five years.  These two figures are fairly uniform.\n<li>Equity prices fall even more, by 56%, but this is faster: Only 3\u00bd years.  These figures are also rather uniform.\n<li>Rises in unemployment, on the other hand, varies a lot from one recession to another, but on average it rises by 7% over almost five years.\n<li>And finally, the fall in GDP is typically 9\u00bd% over two years, but again with large variations.<\/ul>\n<p>In Glasgow, house prices started falling in the autumn of 2007, so prices are likely to keep falling until 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Houses for sale Originally uploaded by I See Modern Britain I forgot to blog this at the time, but there was an very interesting article in The Economist a few weeks ago. It was about a recent statistical study of recessions that had come up with some interesting results. House prices tend to fall 36% from their peak, and this fall takes five years. These two figures are fairly uniform. Equity prices fall even more, by 56%, but this is faster: Only 3\u00bd years. These figures are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99,159],"tags":[],"class_list":["post-1095","post","type-post","status-publish","format-standard","hentry","category-economics","category-en"],"_links":{"self":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/1095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/comments?post=1095"}],"version-history":[{"count":0,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/1095\/revisions"}],"wp:attachment":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/media?parent=1095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/categories?post=1095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/tags?post=1095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}