Housing Declines of 50%

Some have estimated the severity of the housing decline to include drops as much as 50% from peak to trough in certain markets. People don't just expect it. The markets are betting on it. Below are values of where the Case Shiller futures markets are trading.

S&P/Case-Shiller Index - January 2008 v Highs
	High	High	Jan 2008	High v	Nov 2012	High v
	Month	Index	Index	Jan 2008	Futures*	Nov 2012
Atl	Jul 07	136.47	127.08	-6.88%
Bos	Sep 05	182.48	162.59	-10.90%	-11.80%	-22.70%
Char	Aug 07	135.88	131.70	-3.08%
Chi	Sep 06	168.60	156.47	-7.19%	-7.10%	-14.29%
Clev	Jul 06	123.49	108.49	-12.15%
Dal	Jun 07	126.47	118.56	-6.25%
Den	Aug 06	140.27	128.98	-8.05%	-13.90%	-21.95%
Det	Dec 05	127.05	100.17	-21.16%
LA	Sep 06	273.94	224.41	-18.08%	-27.70%	-47.78%
LV	Aug 06	234.78	186.05	-20.76%	-16.80%	-37.56%
Mia	Dec 06	280.87	225.40	-19.75%	-30.80%	-50.55%
Min	Sep 06	171.12	151.16	-11.66%
NY	Jun 06	215.83	200.49	-7.11%	-19.00%	-26.11%
Pho	Jun 06	227.42	180.06	-20.82%
Port	Jul 07	186.51	178.81	-4.13%
SD	Nov 05	250.34	197.45	-21.13%	-21.80%	-42.93%
Sea	Jul 07	192.30	181.62	-5.55%
SF	May 06	218.37	183.81	-15.83%	-15.70%	-31.53%
Tamp	Jul 06	238.09	194.64	-18.25%
WDC	May 06	251.07	212.83	-15.23%	-22.00%	-35.23%
10-C	Jun 06	226.29	196.06	-13.36%	-21.50%	-34.86%
20-C	Jul 06	206.52	180.65	-12.53%
* based on CME Settlements March 18, 2008
Source: S&P, Bloomberg, TFS