Case-Shiller: Home Prices Slump Across the Board

home prices dropIt may be a white Christmas, but all signs point to homeowners still treading in the red. Home prices in all 20 markets measured by the Case-Shiller Home Price Indices dropped in October, the latest month in which data was available. In fact, only the 10-City Composite and four metro areas, three of which are in California, showed year-over-year improvement: Los Angeles, San Diego, San Francisco and Washington D.C.

"The double-dip is almost here, as six cities set new lows for the period since the 2006 peaks," said David M. Blitzer, Chairman of the Index Committee at Standard & Poor's. These cities include Atlanta, Charlotte, Miami, Portland, Seattle and Tampa.

(Hit the jump to view the 20 markets in detail.)

But while the forecast is glum for current homeowners, first-time homebuyers and other investors will find a wealth of affordable housing across the U.S. – so long as they qualify for credit.

See the chart below for all 20 metropolitan areas and composites.

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