Nearly two years since the Great Recession officially ended, the housing market still shows few signs of picking up. And it could get worse before it gets better.
Looking further back, home prices have now hit their lowest point in two years, falling 0.7 percent below March 2009 levels, according to a recent report by Clear Capital
. And that finding, the report contends, would seem to indicate that the housing market has all but officially double dipped.
The continued decline of the housing market shows few signs of letting up. Compared to this point last year, Clear Capital reports, home prices have dropped by 5 percent nationally. In just the last nine months, housing prices fell 11.5 percent, the fastest rate of decline since 2008.
See the cities with the greatest quarter-over-quarter decline in home prices at The Huffington Post.
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