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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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November Home Prices Down 5%, More Downside Expected originally appeared on BloggingStocks on Thu, 13 Jan 2011 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analysts reportsCoreLogicdouble dipeconomic datafeaturedforecastsforeclosureshome priceshousing crashinthenewsMark ZandiPatrick Newportprices keep fallingZillowThu, 13 Jan 2011 09:30:00 EST<![CDATA[International Monetary Fund warns of a double dip]]>http://www.bloggingstocks.com/2009/06/15/international-monetary-fund-warns-of-a-double-dip/http://www.bloggingstocks.com/2009/06/15/international-monetary-fund-warns-of-a-double-dip/http://www.bloggingstocks.com/2009/06/15/international-monetary-fund-warns-of-a-double-dip/#commentsFiled under: ,

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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International Monetary Fund warns of a double dip originally appeared on BloggingStocks on Mon, 15 Jun 2009 09:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>double dipDoubleDipeconomic crisisEconomicCrisisGDPgross domestic productGrossDomesticProductinthenewsrecessionMon, 15 Jun 2009 09:25:00 EST