A tale of cheap money chased overpriced assets: Welcome to the double dip.
It’s a great time to buy a house: Mortgages are at record lows — 4.4 percent for a 30-year loan.
It’s a terrible time to buy a house: Real-estate is still overpriced and likely to decline at least 5 percent — or as much as 20 percent if the double dip we’re apparently heading into turns out to be a deep one.
More at Exchequer.