Case Says U.S. Housing Already Experienced `Double Dip'

The trends illustrated below support Karl Case's growing concern about real estate.

U.S. Median Home Price (MHP) And MHP to Gold Ratio:


S&P Homebuilders Index (HB) AND HB to Gold Ratio:


S&P Homebuilders Index (HB) AND HB to U.S. Median Home Price (HBMHPR):


Bottom line, QE will continue either direct or indirect despite the talk of withdrawal.

Economist Karl Case:

'In a sense, We've already had a double-dip [in housing].'

'We've always been able to count on new households coming into the market; they're not coming.'

'There's going to be a lot of dislocation when Fannie and Freddie evolve into something new.'

'Housing starts are at sixty-year lows, and they've been there for 33 months.'

From Bob