www.lvrj.com -- The housing market is going through a "catfish recovery," finding the bottom and then coming up for air before going down again, market analyst Scott Sambucci of San Francisco-based Altos Research said Thursday. It's different from the "double dip" reported by the national media and shows nothing more than the historical volatility of housing prices, Sambucci said during a 40-minute webcast. The analyst said he "respectfully disagrees" with statements made by David Blitzer, chairman of the Standard & Poor Case-Shiller Index widely used as a measuring stick for home prices. Blitzer said home prices "continued their downward spiral with no relief in sight."
Read more:, , What You Should Know
Got something to say to us? Then send us a letter.
Want us to stick around? Donate to The eXiled.
Twitter twerps can follow us at twitter.com/exiledonline