By now you’ve probably heard that Case/Shiller has “confirmed” the double dip in their 20-city index of home prices and that the hovel you live in is worth less than that Ken Griffey Jr rookie card you keep in a shoebox somewhere.
There are some bright-spot cities putting in potential bottoms but way too few and far between. Nationwide, the well-telegraphed double dip is here. Mean reversion to trend resumes course as federal intervention paper mache barricades are chomped through by a beast called Inevitability.
Some links:
Its Official: Housing Double Dip is Here (TBP)
CASE SHILLER: THE HOUSING DOUBLE DIP IS OFFICIAL (The Pragmatic Capitalist)
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