Case Shiller: Home Prices Sink, Double Dip Looms

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Case-Shiller index SeattleHome prices in 11 key markets reached new lows in the month of January, according to housing data released Tuesday, rekindling fears of a double dip in the housing market. Of the 20 housing markets surveyed by the S&P/Case-Shiller Index, only two metropolitan areas -- Washington, D.C., and San Diego-- posted year-over-year growth. The 11 cities that suffered new lows in December -- among them, New York, Las Vegas, Tampa and Detroit -- sank further still in January, suggesting that prices have yet to bottom out in several markets. Read the full story at the Huffington Post.
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