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IPFS News Link • Housing

If You Live In One Of These 11 Cities, Your Home Just Hit A New Low

Technically a housing double dip won't happen until national home prices fall below the 2009 low, as David Blitzer explained on CNBC this morning. But today's Case-Shiller chart sure looks like a double dip. In fact, 11 of the cities in Case-Shiller's 20-city index are at new lows for the cycle. These include Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, New York, Phoenix, Portland, Seattle and Tampa. In the coming year, Case-Shiller expects more cities to decline, sinking the national index to a brand new low. Phoenix -- down 8.3% year-over-year