Economic Charts

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Tuesday, April 5, 2011

Double Dip in Housing Coming?

More and more people are finally coming to the conclusion that housing is heading for a double-dip.  If the existing/new/pending home sales numbers and the backlog of houses still on the market to sell didn't spell it out for you, well then here is some additional information by 60 minutes.  HAMP (Home Affordable Mortgage Program) has been a miserable failure, with a high percentage those in the program being dropped from the program for default or other issues.  The Mortgage mess (banks not having the proper paperwork) has only aided in kicking the can down the road a bit.

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