‘No Real Hope In Sight’ As Case-Shiller Shows Housing Recession Still Here
Continuing its descent to the lower depths of a double-dip trough, the U.S. housing market fell even further in January, according to the widely followed S&P/Case-Shiller Home price Indexes. The 20-City Composite fell 3.1% from January 2010 while 11 of the 20 metropolitan areas (MSA) surveyed hit their all-time lows since the index began. In the words of David Blitzer, Chairman of the …
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