Housing Prices Dip For the Fourth Time in Three Years

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After the Great Recession, there were some pundits who theorized that real estate would make a “W-shaped” recovery. With the S&P/Case-Shiller housing prices out this morning, it’s now clear that there are not one, but two “Ws” in the chart — and that’snot a good thing. Index prices fell 1.1% from November to December. In other words, we’ve now experienced a quadruple dip.