Home Prices To Triple Dip?

Home values are expected to fall another 3.6% by next June, which would push them to a new low of 35% below the peak reached in early 2006, marking a triple dip in prices, according to financial analytics company Fiserv (via CNNMoney). According to Fiserv, a number of factors will lead to this decline, including an increase in foreclosure activity, sustained high unemployment, and more. The drop to 35%, if it does in fact occur, will represent the lowest dip since the housing bubble burst, and the biggest since prices fell to 31% in 2009. To read this CNNMoney article, click here.