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Month: May 2011

31 May

As we called it, Double Dip Housing has arrived

Here are latest from S&P/Case Shiller report out this morning. • 4.2 percent decline in Q1 of 2011, 2.9 percent from one year ago. • The 10 cities fell .6 percent in March• Top 20 cities fell .8 percent in MarchWhat's probably most concerning and begs to question, what happened to the home buyer tax credits which were supposed to stimulate the economy and housing market (not necessarily in that order)?Perhaps the best news to come out of this will be evidence that mortgage rates will remain low as yields become subject to basic economic supply and demand. With new...