U.S. Housing Market Takes Another Dip

This is not really surprising, but it should make the optimists ponder a bit.  If the popping of bubbles in other countries is any kind of indicator, the U.S. housing market is in for years and years of this sort of funk.  This couldn't bode well for those millions of homeowners that have negative equity in their homes.  With the unemployment rate hovering around 9%, the genius Republicans wanting to cut spending at the worst possible time, billions being siphoned off for military actions, wars, nation building, whatever they call it, and political gridlock on anything that might actually help turn the economy around—don't look for things to get better on this front anytime soon!