{"id":4080,"date":"2009-02-02T06:00:57","date_gmt":"2009-02-02T14:00:57","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=4080"},"modified":"2009-02-01T13:57:54","modified_gmt":"2009-02-01T21:57:54","slug":"matthew-gardner-predictions-vs-reality","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/02\/02\/matthew-gardner-predictions-vs-reality\/","title":{"rendered":"Matthew Gardner Predictions vs. Reality"},"content":{"rendered":"

Incredible. Even with the major continuing job losses and home prices in unabated decline, Matthew Gardner continues to spread the word of a recovery for Seattle in 2009.<\/p>\n

Here are a couple of slides from a PowerPoint presentation Matthew Gardner used in a class for local real estate agents on the 19th:<\/p>\n

\"Gardner<\/p>\n

\"Gardner<\/p>\n

Jobs will lead to a housing recovery in 2009? Really?<\/em> And how exactly are foreclosures going to “continue to slow,” when the latest data shows<\/a> that they haven’t even started<\/em> to slow?<\/p>\n

Let’s take a look at Matthew Gardner’s recent performance when it comes to accurately forecasting the local market…<\/p>\n

2007<\/u><\/strong>
\nGardner Forecast: Prices +5 to +9%<\/a>
\nCase-Shiller: +0.5%<\/a>
\nKing Co. SFH: -1.1%<\/a><\/p>\n

2008<\/u><\/strong>
\nGardner Forecast: Prices 0 to -5%<\/a>
\nCase-Shiller: -11.2% (Nov.)<\/a>
\nKing Co. SFH: -7.2%<\/a><\/p>\n

Here’s a visual representation of Matthew Gardner’s predictions for 2007 and 2008 vs. the Case-Shiller index:<\/p>\n

\"Matthew<\/a><\/p>\n

Like I said about J. Lennox Scott and Dick Beeson<\/a>: I\u2019m not going to tell you who you should or shouldn\u2019t trust when it comes to predictions about the local housing market, but I do think everyone should at least be equipped with all of the data when making such a decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

Incredible. Even with the major continuing job losses and home prices in unabated decline, Matthew Gardner continues to spread the word of a recovery for Seattle in 2009. Here are a couple of slides from a PowerPoint presentation Matthew Gardner used in a class for local real estate agents on the 19th: Jobs will lead…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[144,14],"coauthors":[],"class_list":["post-4080","post","type-post","status-publish","format-standard","hentry","category-news","tag-gardner","tag-predictions"],"yoast_head":"\nMatthew Gardner Predictions vs. Reality \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2009\/02\/02\/matthew-gardner-predictions-vs-reality\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Matthew Gardner Predictions vs. Reality \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Incredible. 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