Article Image
News Link • Economy - Economics USA

Is the Case-Shiller Index visual evidence of a double-dip in home prices (Chart)

• The Hallmark Abstract Sentinel
The Case-Shiller Index The S&P/Case–Shiller U.S. National Home Price Index is a composite of single-family home price indices for the nine U.S. Census divisions. It is updated monthly. The national index is normalized to have a value of 100 in the first quarter of 2000. (Wikipedia) What is a double-dip? As a former trader we had a saying that nothing goes straight down. A severe move down will often be followed by a bounce in price before resuming the downward move. This is what is called a double-dip. This move happening is not 100% given, but it happens more often than not. A fear is that the bottom that was set for home prices in Q1 2009 may not hold creating further angst for an already weak economy trying to find firm footing.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network: