Like George Costanza, apparently housing prices do not object to double dipping. According to the S&P/Case-Shiller index of home prices in 20 cities, home prices hit a new low in February 2011, nearly surpassing the prior low set in April 2009. Prices are therefore at the second trough of a “double dip” decline, approximately 30% off of their historic high reached in April 2006. Check out "Home Prices In Double Dip" on CNN for more information and graphical proof of the disturbing trend.
News Brief On The Housing Market (Spoiler Alert: It Is Not Good News)
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Pete's Take 