What's going on with the housing market?
- January home prices were down for the sixth consecutive month, edging closer to 2009 lows, which is causing some concern that the double dip in the housing market is near.
- New single-family home sales in February were down 28 percent (PDF) from February 2010 numbers.
- 13 percent of houses in the nation are vacant, with some states seeing significantly higher figures. Although this doesn’t exclude vacation homes, vacancy rates are in the double digits in many of the nation’s hardest hit housing markets.
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