Declines could hurt broader recovery
(NEWSER) - The housing market is cratering again, dousing the optimism that pervaded earlier this year. Prices fell for the third straight month in October, according to the S&P/Case Shiller index released yesterday, and economists expect them to keep dropping through early spring, wiping out any progress made since the market’s low in early 2009. “This looks like a double dip is pretty much on the way, if not already here,” one S&P economist tells the Wall Street Journal . More»
