About This Forbes Magazine article states that a double dip housing market is “clearly under way.” They also explain that only some of the markets nationwide are experiencing the double dip. Some cities are experiencing slow to moderate growth while others are still in decline.Some even commented that it can’t be double dip. We haven’t finished the first recession yet.
This past year saw some increases in price and activity, but it was largely due to temporarily increased buying activity because of governmental meddling in the market place, i.e. the $8000 tax credit. Now the buying is below where it would have been without the governmental activity.
Forbes cited Zillow, Radar logic, and Goldman Sachs for their story.