CHART OF THE DAY: Hey New York Homeowners, Look Out Below

button more charts
button chart prev
button chart next

The latest Case-Shiller 20-city average showed fresh signs of a possible double dip in housing, but of course it’s a mixed bag. Some markets are on rebounding a little, and some are still slipping.

In the New York area, prices are still falling, while beleaguered San Diego is back on the rise. This makes sense, as the two markets have experienced the housing bust on a different schedule, but if New York is going to meet the other markets at the mean, then homeowners could be in for a further ride (down).

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.