Outlook Dims, Even for Non-Bubble Housing Markets: Report

"New data released this week suggests the nation’s housing malaise, largely been confined to some of the most overheated housing markets nationwide thus far, is now spreading even to areas that have, thus far, remained resilient in the face of an industry downturn. In a year when home prices across the U.S. have fallen 15 percent, the housing market in several metropolitan markets that have to date shown resilience are now falling in line with the national downward trend, according to an analysis of home price trends in more than 375 U.S. markets based on the Fiserv Case-Shiller Home Price Index."