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Home prices drop into double-dip territory

 :: Unemployment Discussion :: The World Economy

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Home prices drop into double-dip territory

Post by Guest on Tue May 31, 2011 1:46 pm

“This month’s report is marked by the confirmation of a double-dip in home prices across much of the nation,” David Blitzer, chairman of the index committee at S&P Indices, said in a statement. “Home prices continue on their downward spiral with no relief in sight.”

http://www.msnbc.msn.com/id/43222187

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Re: Home prices drop into double-dip territory

Post by Guest on Tue May 31, 2011 3:25 pm

and here we go again. Let's see what this news does to the employment numbers and the markets.

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Re: Home prices drop into double-dip territory

Post by Guest on Tue May 31, 2011 3:39 pm

This is how it all began at the end of 2007 into 2008.

You are right...Here we go again!

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Re: Home prices drop into double-dip territory

Post by suri on Tue May 31, 2011 4:45 pm

WHAT did 'they' think would happen with continual foreclosures and, like the Titanic, many more are slipping away?

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Re: Home prices drop into double-dip territory

Post by Guest on Tue May 31, 2011 4:56 pm

No jobs, no more extensions, no money to pay the mortgage = depressed home prices and double-dip DEPRESSION!

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Re: Home prices drop into double-dip territory

Post by Guest on Tue May 31, 2011 5:14 pm

I don't know what they were thinking. This started the mess, and here we are 3 years later, no better, no benefits, no jobs and no ANSWERS.

I hate saying this, Desp and I have said it before, does it have to go bad, really bad, before we get some relief.

Now, the House will take this phoney vote tonight at 6:30pm on the Debt Ceiling, this way the stock market will not go crazy. God forbid we shouldn't worry about them.

Dylan Ratigan Show. John Larsen, Dem. Caucus speaking on ways to reduce the debt and find additional money. Check it out on msnbctv.com Dylan Ratigan. Extremely good interview.

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