Thread: David Rosenberg: Housing Double-Dip Straight Ahead

David Rosenberg: Housing Double-Dip Straight Ahead

Tuesday, 28 Dec 2010 10:04 AM
By Greg Brown

Housing is very likely to double-dip, says David Rosenberg, the economist known for calling the original housing crisis in advance.

The Gluskin-Sheff economist says that all of the government efforts to arrest the downturn “merely distortedâ€

Home Prices in 20 US Cities Decrease More Than Forecast

Tuesday, 28 Dec 2010 09:19 AM

Home prices dropped more than forecast in October, a sign housing will remain a weak link as the U.S. recovery accelerates into the new year.

The S&P/Case-Shiller index of property values fell 0.8 percent from October 2009, the biggest year-over-year decline since December 2009, the group said today in New York. The decrease exceeded the 0.2 percent drop projected by the median forecast of economists surveyed by Bloomberg News.

A wave of foreclosures waiting to reach the market means home prices will remain under pressure in 2011, representing a risk to household finances. Federal Reserve policy makers this month said “depressedâ€