According to Karl Case, co author of the Case Shiller Index:
1.)Double Dip is already here
2.)Pending home sales are good but a very minuscule percentage
3.)50 year low levels on housing starts – no sign of relief
4.)Decline in household formation: Immigration vs. Emigration
5.)Stabilization is essential for people to become demanding in housing market
6.)Banks will continue to be very cautious with loans.