Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Well, it looks like housing is going to take another downturn despite all of the Shenanigans pulled to prop the market up. The housing bubble never fully deflated and you are now seeing what is just natural, more "air" MUST come out of the bubble.....no matter how bad Big brother wants to prop up the housing market.......or even inflate another bubble. Wonder if the second dip will pull down the general economy???
Read the rest of the article at the link provided, short read and really interesting.
Far from a real recovery, the U.S. housing market has entered a double-dip recession, as evidenced by data released Tuesday. U.S. home prices fell in March for the eighth straight month, and home prices in 20 major U.S. cities dropped 0.8% in March on a non–seasonally adjusted basis, according to the Case-Shiller home-price index released by Standard & Poor’s.
There was never any real recoverY in housing prices. The economic is recovering for a recession however the housing sector of the economy is a DEPRESSION.
This is NOT a double dip. It a part of long continuous slide in housing prices that probably won't stablize for another 2 years..
At this point people are more afraid of what GOP will do than what Dems will do. This medicare threat is scary, and it seems like it is only the beginning. I am just telling you how people feel, this is not a Dem vs Rep issue for me. I voted "R" last year, if you must know, but usually I vote independent, or both sides.
As for housing market, the prices never recovered so it is not exactly a double dip.
I had no idea you were the arbiter of how people feel. That is such a special talent, well done.
Please let the economists know you disagree with their double dip assessment.
That's what we're doing. Saving up now to put a lot more down. I keep reading that 2012 should be about the bottom of the dip, so there's not too much of a rush.
Well, Obama said he wanted energy prices to soar. With that goes the price of everything else. No wonder the economy is getting worse; Obamanomics is a failure.
That's what we're doing. Saving up now to put a lot more down. I keep reading that 2012 should be about the bottom of the dip, so there's not too much of a rush.
And then what? Exactly what do you envision is going to turn this around?
Will they repeal NAFTA and bring jobs back? Or impose a tarriff on foreign produced products to encourage manufacturing jobs here in the USA?
Unless it's something that drastic it's not going to turn around and we don't have a president that gives a damn about jobs for Americans. In fact he's doing all he can to get rid of more jobs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.