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SmartPulse: Odds on a double-dip recession in the housing market

SmartPulse — our weekly nonscientific reader poll in SmartBrief for CFOs — tracks feedback from leading CFOs and senior finance executives. We run the poll question each Wednesday in our e-newsletter.

Last week, we asked: Do you think the U.S. is headed for a double-dip housing recession?

  • Yes — 59.92%
  • No — 24.89%
  • Not sure — 15.19%

The road ahead: Nearly 60% say you expect more bleak times for the housing market, and it’s easy to see why. Average home prices in 20 major metropolitan areas fell 3.1% in January from prices a year ago, according to the most recent S&P/Case-Shiller home-price index released March 29.  David M. Blitzer, chairman of the Index Committee at Standard & Poor’s, told The Wall Street Journal: “January brings us weakening home prices with no real hope in sight for the near future.”