Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Economic News

Is the residential real estate double dip official?

The home price double dip is here

Analysts have been talking about the impending double dip for some time, and it is now officially here. According to CoreLogic’s February Home Price Index, home prices declined for the seventh month in a row, down 6.7% over the year, taking distressed sales into account. Prices are now officially 4.1% below their 2009 low point.

The price dip appears to be accelerating as January data only experienced a 5.5% drop from the year prior.

When distressed sales are taken out of the equation, prices are almost the exact same from the year prior, pointing the finger of blame squarely on the rise in foreclosures as what is dragging down the national home prices.

There appear to be some new suspects in the pool of depreciation. We are used to seeing Arizona and Nevada in the worst performing lists, but Idaho and Maine are among the five worst states when excluding distressed sales.

Advertisement. Scroll to continue reading.

Price dips visualized:

The chart below shows the national decline on a state level, per CoreLogic:

Look below, do you see the double dip? It’s there:

Click here to download the full CoreLogic report and see how your state is performing.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.


Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.



Real Estate Technology

(TECH NEWS) It turns out that Internet of Things, like smart bulbs in homes, are not secure and give up your info - here...

Real Estate Marketing

(MARKETING) Your fancy, self-animating website might be making people violently ill, even if it is insanely beautiful. Sorry...

Real Estate Marketing

(MARKETING) Conduit is a CRM that does more than CRM, it analyzes your networking data to help you see how to improve your relationships.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.