{"id":18490,"date":"2011-12-26T15:57:27","date_gmt":"2011-12-26T19:57:27","guid":{"rendered":"https:\/\/louisvillehomesblog.com\/?p=3170"},"modified":"2023-08-29T20:36:12","modified_gmt":"2023-08-29T20:36:12","slug":"experts-say-housing-recession-nearly-over","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/experts-say-housing-recession-nearly-over\/","title":{"rendered":"Experts Say Housing Recession Nearly Over"},"content":{"rendered":"\n<p>This isn&#8217;t great news but every little bit helps. Analysts who monitor real estate data are saying that home values should stop dropping late next year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"300\" src=\"https:\/\/trepryor.com\/blog\/wp-content\/uploads\/2011\/12\/louisville_home.jpg\" alt=\"Photo of home in Louisville KY\" class=\"wp-image-8275\" srcset=\"https:\/\/trepryor.com\/blog\/wp-content\/uploads\/2011\/12\/louisville_home.jpg 580w, https:\/\/trepryor.com\/blog\/wp-content\/uploads\/2011\/12\/louisville_home-300x155.jpg 300w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><figcaption class=\"wp-element-caption\">Home prices have dropped in Louisville to a lesser degree than the Nation but that&#8217;s starting to change. | Photo: Tre Pryor<\/figcaption><\/figure>\n\n\n\n<!--more-->\n\n\n\n<p>Here&#8217;s a quote from the USA Today article:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>U.S. homeowners lost $681 billion this year, according to a study by real estate website operator Zillow set for release today. That&#8217;s less than the $1.1 trillion drop in value in 2010, let alone the $2.7 trillion in losses in 2008, Zillow said. And a Zillow survey of 109 economists says U.S. home prices will stop falling late next year or early 2013, with the most optimistic quarter of economists predicting an 18% rebound by 2016.<\/p>\n<\/blockquote>\n\n\n\n<p>What does that mean for your situation? If you are currently renting, make sure to add, &#8220;Buy a new home in 2012&#8221; to your To-Do List.<\/p>\n\n\n\n<p>For those with a house in Louisville to sell before you can move to a new home, it&#8217;s a bit trickier. If you&#8217;re planning on moving up, you should also make the move before prices rebound and interest rates are still low.<\/p>\n\n\n\n<p>A lateral move is a toss-up. Speak with your real estate expert.<\/p>\n\n\n\n<p>If you are downsizing, then I recommend waiting until home prices have returned to 2008 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This isn&#8217;t great news but every little bit helps. Analysts who monitor real estate data are saying that home values should stop dropping late next year.<\/p>\n","protected":false},"author":2,"featured_media":8275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[682],"tags":[92],"class_list":["post-18490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-statistics","tag-louisville-home-prices","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=18490"}],"version-history":[{"count":1,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18490\/revisions"}],"predecessor-version":[{"id":20793,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18490\/revisions\/20793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/8275"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=18490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=18490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=18490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}