Decline in Decline of Housing Market

Yale economist Robert Schiller believes that the housing market is showing signs of improvement. "At this point, people are thinking the fall is over," says Schiller.

1 minute read

July 1, 2009, 11:00 AM PDT

By Tim Halbur


"Home prices in 20 major U.S. metropolitan areas fell in April at a slower pace than forecast, the S&P/Case-Shiller home- price index showed today. Today's Case-Shiller numbers are the latest sign that that the worst of the housing slump may be passing. Sales of existing homes posted gains in April and May, while housing starts jumped in May from a record low."

Schiller predicts that housing prices may improve by as much as 6% before the year is up.

Tuesday, June 30, 2009 in Bloomberg.com

Young Professional

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

"Planetizen federal action tracker" logo superimposed over black and white image of US Capitol dome.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

October 7, 2026 - Zachary Whalen

The mayor of Baltimore speaks into a microphone in front of a rally for more state transportation funding from Maryland.

‘Going backwards:’ Baltimore mayor, students rally against state's transit funding plan

Maryland's proposed six-year plan provides no funding for Baltimore’s BMORE bus program and reduces its road maintenance funding.

October 2, 2026 - Baltimore Sun

A rendering of the waterfront development, which shows a lit-up stage by the waterfront and people walking about.

Detroit to transform waterfront with $2.2 billion investment

Developers will convert about 18 acres of unused parking lot space into civic spaces.

October 2, 2026 - ABC 7

Construction worker uses a power saw to cut through metal.

Senate bill would ‘overhaul’ environmental permitting laws

Under the proposed act, government agencies would also not be able to suspend or rescind permits after granting them.

30 minutes ago - Smart Cities Dive

A person crossing the street between two residential buildings in NYC.

Exemption applications for NYC’s pied-à-terre tax see 55% success rate

The city sent nearly 40% of its initial pied-à-terre tax warnings erroneously.

1 hour ago - The City Reporter

A man and a woman go through NYC's new turnstiles, which are tall, clear double doors.

MTA invests $1.1 billion in ‘nearly-impossible’-to-evade fare gates

The new technology marks the Metropolitan Transit Authority's first turnstile redesign in decades.

2 hours ago - Gothamist