The S and P/Case-Shiller national home price index shows a slip in home prices. CNBC's Diana Olick has the details.
Fact: Home prices lag home sales. It happens on the way up and on the way down. Today's S&P Case Shiller home price report just confirmed what we've seen from umpteen other reports in the past few months, that home prices are taking a double dip. We knew it would happen.
"I would guess that by the end of today I would hear lots of double-dip forecasts and a few I told you so's. Things are rotten," opines S&P's David Blitzer. Full article on Diana Olick's Blog