US house prices will fall a long way and homebuilding will go through a prolonged slump after the 2006 peak.
Accurate ●●●●●
“If history is any guide, housing prices have got a long way to fall and the housing industry is going to go through a long drought.”
- Said on
- 7 September 2006 · Bloomberg TV interview with Rhonda Schaffler, quoted by Calculated Risk
- Source
- Krugman: Housing Prices "Long way to fall" · Calculated Risk
- Should come true
- No date given
- How sure they sounded
- If history is any guide
- Categories
- EconomyMarketsBanking
- Importance
- 4 of 5 · The US housing bust triggered the 2008 global financial crisis.
Outcome
Accurate Happened 31 December 2011.
The S&P/Case-Shiller US national index fell about 27 percent from its 2006 peak to its 2012 trough, and housing starts collapsed from over 2 million a year in early 2006 to under 600,000 in 2009, staying depressed for years. Both the long fall in prices and the long drought in homebuilding happened.
History
- 2026-10-17 00:07:33 · created by claude
- 2026-10-17 00:07:33 · categorized by claude
- 2026-10-17 00:08:20 · scored by claude
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