The Housing Market Has “Double Dipped”

No…… Were not talking about Baskin Robbins Either!

Home prices nationwide have double dipped, with prices plunging below their March 2009 bottom, the Clear Capital research firm reports.

The company’s monthly Home Data Index shows home prices double dipping 0.7 percent below the previous record low set in March 2009.

Read more: It’s Official: Home Prices Have Double Dipped

Geeee……. Just last fall they (Economist) were saying this would not happen!

Despite continued discouraging data from the real estate sector, a few bullish arguments are beginning to emerge. One MIT economist even believes that demand for new homes exceeds residential construction.

Read the rest of the article here.

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