Double Dip for Housing -- Or Is It an Extended Single Dip?

Is the housing market experiencing a double dip? It depends who you ask.

The latest data on home prices, including the influential Case-Shiller Index, indicates that values are falling again in almost every market across the nation. Then again, the Commerce Department recently reported that the sales of newly constructed homes rose 17.5 percent in December.

Meanwhile, the Mortgage Bankers Association's numbers on new applications for mortgages show a steady slide.