Just when you thought the real estate market was showing signs of a recovery, reality rears its ugly head.
According to the latest figures from the Case-Shiller Home Price Index, prices have started to slip again pointing to a double dip in home values. Nationally, home prices dropped 1.5% in September.
That's a trend that Case-Shiller expects to continue since earlier this month they forecast a further 7.1% drop in home prices into the second quarter of 2011.
In all, 18 of the 20 metropolitan statistical areas that are measured by the S&P/Case Shiller index reported home price decreases for the quarter, although they are still above their low points from the spring of 2009.
http://www.wealthdaily.com/articles/case-shiller-index-screams-housing-double-dip/2862