News Brief On The Housing Market (Spoiler Alert: It Is Not Good News)

by:  C. John DeSimone, III

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. 

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