No Light at End of Housing Tunnel

Posted by Daniel Jones on Jan 25, 2011 6:07:00 PM
Home price slump deepens

By Les Christie, staff writer
January 25, 2011: 10:46 AM ET

NEW YORK (CNNMoney) -- November home prices continued their latest slump, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets.

San Diego was the only market that didn't slip, posting a slight gain of 0.1%. The overall index fell for the fifth straight month and prices are at about the same level they were in mid-2003.

"With these numbers, more analysts will be calling for a double-dip in home prices," said David Blitzer, spokesman for Standard & Poor's...

http://money.cnn.com/2011/01/25/real_estate/november_home_prices/index.htm
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