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."

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