Housing? Still Sucks…

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)