Double-dip housing recession is likely in U.S., experts say

Falling house prices in almost all U.S. markets could mean the housing market is slipping into a double-dip recession, analysts said. The Standard & Poor's/Case-Shiller Home Price Indices show a year-on-year decline in 18 of 20 markets surveyed. "At worst, the feared double-dip recession may be materializing." said David Blitzer, chairman of the S&P Index Committee.

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