Case-Shiller: Home Price Double-Dip Materializing

``Many of the MSAs appear to be experiencing the double-dip in housing prices that has been predicted for some time. Eleven of the cities posted new lows in relationship to their 2006-2007 peak levels. All of these cities, Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, New York, Phoenix, Portland (OR), Seattle, and Tampa, had posted new lows in December as well. The nation as a whole has slipped back to the price levels that existed in 2003.''