The extra-seasonal, government sponsored housing price bounce having reached its peak, in terms of pricing, in most markets in mid-summer of 2009 now appears to have nearly reverted for some.

The Radar Logic home price data now indicates that nine of the most corrected of markets are continuing to correct even after all the government propping.

This presents an unequivocal bump in the road of the supposed “V” shaped economic recovery as a significant “housing recovery” disappointment shapes up over the next few months.

Full story is available on Christian Science Monitor