| Five years after US house prices first started to fall in mid-2006, the American housing market remains moribund. The latest data from the S&P/Case-Shiller House Price Index show that despite the end of the recession, house prices continue to fall, seemingly unable to generate any sustained upward momentum.
As chart 1 shows, US house prices hit a peak in mid-2006, and then began to plunge, falling steadily until early 2009. They showed some signs of recovery between mid-2009 and early 2010, but since the second quarter of 2010 they have been sliding ever-downwards, prompting economists to warn of a "double-dip" fall in the market..............................................Full Article: Source
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