Mar 29, 2011
“Keeping with the trends set in late 2010, January brings us weakening of home prices with no real hope in site for the near future,” Standard & Poor’s David Blitzer said Tuesday in the report. “The housing market recession is not yet over, and none of the statistics are indicating any form of a sustained recovery.
“At most, we have seen all statistics bounce along their troughs. At worst, the feared double-dip recession may be materializing.”