Case Shiller: House prices tumble in October

" ... 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. “There is no good news in October’s report. Home prices across the country continue to fall.”

Atlanta, Charlotte, Miami, Portland, Seattle and Tampa hit their lowest levels since home prices started to fall in 2006 and 2007.

“The tax incentives are over, and the national economy remained lackluster in October, the month covered by these data. Existing-home sales and housing starts have been reported for both October and November, and neither is giving any sense of optimism,” Blitzer added. ..."