The Housing Market Disaster Continues

By on June 23, 2010

The stock market felt the effects of renewed weakness in the housing market with a 150 point drop in the Dow yesterday. Meredith Whitney provided a glum housing outlook on CNBC a couple of days ago, as she was certain a double dip in housing prices was in the cards.

Randall Forsyth at Barrons chimed in with an article highlighting the grim realities entitled, “Why It’s Different This Time for Housing.” Forsyth sees housing remaining depressed versus previous cycles due to a restraint in borrowing.

Sources: CNBC, Barrons
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