American housing market dynamic

International Monetary Fund recently said that the U.S. economy despite the current double-dip recession is unlikely, but the real estate market but there is risk of second bottom.
Although Standard & Poor's previously announced Case - Shiller Home Price Index showed that in May this year, housing prices in 20 U.S. cities picked up consecutive month, but many U.S. industries believe that housing prices in January 4,5 seasonal factors. In addition, the policy of the Government to assist the housing market still in follow-up effects. The policy requires buyers to be signed before the end of April in the Housing contract for the sale, but can complete the transaction before the end of June. Therefore, house prices rising trend may not be renewed.
Other price indicators have been showing signs. National Association of Realtors recently released data show that the total sales volume of approximately 85% of the housing market existing home sales in June dropped 5.1% qoq. U.S. Commerce Department data also showed that U.S. new home sales in June, although growth over the previous month, but still the second-low level. June new home sales median price was $ 213,400 each, down 1.4% compared with May, fell by 0.6% over last year.
Standard & Poor's Index Committee policy that the withdrawal of the temporary stimulus, we need to pay close attention to the housing market. Substantial improvement in the housing market in the event before, in the foreseeable period of time or continue to hover at the bottom.