Case-Shiller: Why the Sky Isn't Falling

case shiller
case shiller

Count me among the unpanicked over the Standard & Poor's/Case-Shiller monthly housing index that shows housing values have dipped past a low set during the Great Recession. I'm not even getting goosebumps over the chilling words "housing double-dip."

Nope. For the 70 million home-owning Americans who don't have a need to sell their homes at the moment, this is not the end of the world. Yes, they can thank their lucky stars that they still have jobs and didn't get ensnared in a toxic mortgage. And yes, they can feel for their friends and family who weren't so fortunate -- or, if they are feeling less charitable, weren't as smart as they. But for the bulk of Americans, this is a problem that, well, doesn't hit that close to home.