Home Values Headed for a Double Dip

House for sale at a reduced price
House for sale at a reduced price

Have you ever gotten your hopes way up about something, only to have them shattered? Thought you were getting a new puppy for Christmas, and got one -- but it was stuffed? Multiply that infinitely and you'll begin to grasp what homeowners around America are feeling as they contemplate the latest news about home values.

Recently, a number of economists and prognosticators projected a housing market double-dip, essentially cautioning Americans that the apparent recovery in home prices during 2010 was temporary, and that prices are again on the decline and approaching their 2009 trough. These predictions seem more likely than ever to come true, in light of the housing data reports that came out last week.