US housing market in double dip as prices fall to fresh lows

From www.telegraph.co.uk

Average home prices slumped 5.1pc in the first quarter of the year from the same period in 2010, the latest report from the S&P Case-Shiller index showed yesterday.

The index’s reading of 125.41 for the quarter was the lowest since house prices began falling in the summer of 2006.

The report “is marked by the confirmation of a double-dip in home prices across much of the nation,” said David Blitzer, chairman of the committee that puts together the report. “Home prices continue on their downward spiral with no relief in sight.”

Read the rest here.

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About 3xG Admin

I am interested in Gold, Silver, Energy, Geopolitics, Economics, Religion, Demography, History, Complex systems, Critical theory, Antipositivism, Sociology of knowledge and Chaos theory.
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