Items Tagged with 'double-dip'

ARTICLES

  • Freddie Mac Sees Double Dip as Unlikely

    According to their July 2011 Economic Outlook, Freddie Mac economists are suggesting that the economy has hit a temporary "soft patch" rather than falling into a double dip recession. The report indicates that the major issues currently weighing down the economy are likely temporary phenomenon that will begin to wain.  The sluggish job market has been impacted by high energy costs, supply disruptions from national disasters and lack of confidence from consumers and business owners.  Additional support is expected to come as the second round of Quantitative Easing by Federal Reserve beings to show in the markets fueling investment.
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  • Home Prices Reach New Recession Lows

    U.S. home prices reached a new low in the first quarter of 2011 in the S&P/Case-Shiller Home Price Indices after the National Index fell by 4.2% in the quarter, and 5.1% below the first quarter a year ago.   Following a 3.6% decline in the fourth quarter of 2010, home prices nationally have now fallen back to their mid-2002 levels.  This amounts to a new low for home prices in the index since the beginning of the recession.  As of March 2011, 19 of the 20 MSA's monitored in the indices, including both monthly composites were down compared to
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  • Consumers Eye Housing Recovery Past 2014

    More than half (54%) of U.S. adults now believe that recovery in the housing market will not occur until 2014 or later, according to a survey released by Trulia and RealtyTrac.   With more cities home prices now in double dip lows, the number of adults who believe the recovery will be pushed past 2014 jump from 34% in November 2010 to 54% in April 2011.  Additionally, the number of respondents who felt the recovery would occur by 2012 dropped from 27% to 15%. Although recent reports have questioned the performance of foreclosure prevention programs, such as Home Affordable
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  • Clear Capital Reports National Double Dip

    With data through April, Clear Capital's Home Data Index (HDI) Market Report indicates that home prices have now hit a "double dip," with national prices falling 0.7 percent below prior lows reached in March 2009.   “The latest data through April shows a continued increase in the proportion of distressed sales that are taking hold in markets nationwide,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “With more than one-third of national home sales being REO, market prices are being weighed down as many markets have not regained enough footing to withstand the strain of
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  • Economists Increase Predictions for Housing Double-Dip

    MacroMarkets LLC released their Home Price Expectations Survey for March 2011 which complied a survey of 111 responses from a wide ranging group of economists, real estate experts, investment and market strategists.  The survey utilized the projected path developed by the S&P/Case-Shiller U.S. National Home Price Index for the next five years.  Due to weak performance in the last the quarter of 2010, more experts are expressing concerns that the market is trending towards a double-dip in home prices.   Robert Shiller, MacroMarkets co-founder and chief economist said, “Overall, the sentiment among our expert panel regarding the U.S. housing
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