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Posted on December 28, 2010 | tags

 
 

Biz: Ready to be depressed? Read this assessment of housing numbers

  • The double-dip is almost here. There is no good news in October’s report. Home prices across the country continue to fall.
  • Standard & Poor Index Committee Chairman David Blitzer • Expressing fear that recently-released housing numbers are a harbinger of a double-dip. The numbers, which showed a 1.3 percent decline in home prices in 20 key cities, were apparently much more dire than many analysts were expecting. “It was a bit of a surprise,” said IHS Global Research’s Pat Newport. “I wasn’t expecting it to lag so badly in all 20 cities.” source