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May 31, 2011

10:46 • 1 year ago

Key economic indicator: Homes see double-dip in prices (uh-oh)

Tags: Case-Shiller double-dip economy great recession homes housing prices standard & poor's 49 • Permalink

bad The Standard & Poor’s/Case-Shiller home pricing index, a key economic indicator which compares home prices in the top 20 U.S. markets, fell heavily in March compared to a year earlier.
worse The numbers confirm a double-dip in home prices (below April 2009’s previous nadir), which could spell bad news. Does a double-dip in home prices mean a double-dip for the overall economy? source

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well shit. Double dip recessions tend to be really destructive.
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