 | Housing may be headed for double dip
A recent real estate report indicates that consumers may be taking their time house hunting this winter, which some economists believe could lead to a “double dip” in home prices. A recent report from the NATIONAL ASSOCIATION OF REALTORS® (NAR) showed that its pending home sales index declined 16 percent in November to a reading of 96, the first decline after nine consecutive months of gains. a number of other articles worth reading in this issue including a Wall Street Journal article on whether or not buyers should purchase condos, a San Francisco Chronicle article discussing the current short sale market, a Los Angeles Times article on expected foreclosures, and other general information on national real estate. |
