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double dip posts

November Home Prices Down 5%, More Downside Expected

Posted Jan 13th 2011 9:30AM by Connie Madon (RSS feed)
Filed under: Analyst Reports, Economic Data, Housing

This not good news. Market researcher Zillow, which tracks home prices, reported that prices dropped 5.1% in November 2010, the 53rd straight month of declines. Zillow does not include foreclosures in its data, according to CNNMoney.

Zillow forecasts that home prices will continue falling into the second half of this year. According to Zillow, "The bottom will be very long and rocky."

Another research company, CoreLogic, which also tracks the home market, reported that home prices declined in 44 states, up from 18 in June.

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International Monetary Fund warns of a double dip

Posted Jun 15th 2009 9:25AM by Mark Fightmaster (RSS feed)
Filed under: Recession, Financial Crisis

While most headlines in the financial media recently reported economists and institutions projecting the end of the recession in the second half of the year, the IMF said Monday the worst of crisis may be yet to come.

While those who think we are out of the woods believe this recession will have just one dip, the IMF seems to advocate what is known as a "double dip" recession. They believe that the expected upward swing in Gross Domestic Product for developed nations will just precede yet another economic collapse in the first half of next year.

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