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Housing downturn now worse than the Great Depression

Posted on 17 June 2011

Tuesday provided some perfect examples of the conventional wisdom about the housing market - namely, that recent new declines in the Case-Shiller Index show that we are spiraling down into the double-dip of Doom.
Jeff Cox of CNBC wrote: It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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