The Home Price Double-Dip is Materializing

Home prices in most major U.S. cities, including Atlanta, were “dismal” to start in 2011 and a double-dip recession could be beginning, according to the monthly Standard & Poor/Case-Shiller Home Price Indices.

In Atlanta, home prices dropped 7 percent year over year in January 2011 and were down 0.4 percent from December 2010. Atlanta’s average home prices hit a new low in January and are now below their January 2000 levels, the report said.