Monday, March 29, 2010

Is a Double Dip Housing Recession Inevitable?

By Mark J. Donovan

New home sales declined for a fourth month in February. Down 2% from January and 13% from last February. So why the continued decline? Unemployment is officially at 9.7% (and unofficially more like 17%) and tighter bank lending policies (a good thing). But will the housing market do a double dip and get much worse?? Possibly, if the Fed shuts down the currency printing presses and people continue to not find jobs. Learn more.

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