Double Dip Watch

Hale Stewart is worried about housing:

The existing home sales market has farther to fall. There is simply
too much inventory on the market for prices to remain

2.) During the recession, the economy lost a total of
million jobs. Of these, 2,102,000 or 28% were construction
Given the massive inventory overhang in the existing home sales
it is highly doubtful that we'll see large construction
gains in the near

3.) Housing wealth is...