More housing weakness

Posted by Daniel Jones on Oct 27, 2010 4:57:00 PM
On Tuesday, October 26 the Wall Street Journal reported "Home sales picked up in September, but the long-term picture for housing is growing grimmer, say analysts and economists who are pushing back forecasts for a housing recovery...Now, some economists don't see a recovery until late next year or early 2012."

On Wednesday, October 27 the Journal reported "Home prices appear to be weakening, which could create a drag on the economy and leave more homeowners stuck with houses worth less than their mortgages. Home prices slipped in August according to the S&P Case-Shiller home-price indexes."
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