logo
  Join        Login             Stock Quote

Housing Is 'A Decline' Away From A Double-Dip

 April 26, 2011 11:24 AM


Most recent S&P/Case-Shiller Home Price Index (just released for February) indicates that we are currently at the April 2009 lows as 20 out of 21 (except for Detroit) surveyed metro areas have experienced home price decreases. This means that if we have another month of index declines, technically we'll be in the "housing double-dip." This doesn't necessarily mean that we will have a double-dip in the overall economy and that U.S. GDP will decline, but growth is certainly likely to be further subdued as consumers' confidence wanes.

Declining home prices combined with sustained high oil/gasoline prices can definitely create an environment susceptible to a substantial sell-off in equity markets in the summer/fall timeframe, depending on when evidence of this pressure on consumers will become evident to markets. It's unclear how light summer volume will contribute to market volatility: last two summers have presented us with a largely sideways action although, oddly enough, during both there was an uptrend in May/June, sharp drop-off in early July, and strong uptrend through the fall. More likely that not this is a coincidence, but considering mounting pressure on the consumer, this sell-off could very well be triggered during the same timeframe.
iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageMBIA Inc. (MBI) : BTI's $12 a Tough Task

MBIA Inc. (NYSE:MBI) is doing well on a day stocks are struggling The guarantee insurance company is the read on...

article imageUrban Outfitters, Inc. (URBN) Q2 Earnings Preview: A Snug Fit

Urban Outfitters, Inc. (NASDAQ:URBN) will hold a webcast to discuss its second quarter of fiscal-year 2015 read on...

article imageEstee Lauder Companies Inc. (EL) Q4 Earnings Preview: Options Player Betting On EL’s EPS Looking Pretty

Estee Lauder Companies Inc. (NYSE:EL) will release fiscal 2014 fourth quarter and full year financial read on...

article imageHerbalife Ltd. (HLF): 3 Reasons To Pay Attention to Recent Insider Buying

Well, well, well… it looks as if boardroom buyers viewed the recent selloff as an opportunity to buy. read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.