The double-dip is almost here, as six cities set new lows for the period since the 2006 peaks. There is no good news in October’s report. Home prices across the country continue to fall

–David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s, remarking that “Existing homes sales and housing starts have been reported for both October and November, and neither is giving any sense of optimism…On a year-over-year basis,sales are down more than 25% and the months’ supply of unsold homes is about 50% above where it was during the same months of last year”: via S&P

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