Housing Recovery Stalls

“Home prices across 20 major metropolitan areas fell 1.3% in October from September, the third straight month-over-month drop, according to the S&P/Case-Shiller home-price index released Tuesday. Many economists expect the declines to continue into at least next spring, erasing most of the gains made since prices bottomed out in early 2009.  The housing market, which appeared poised for a recovery earlier in the year, now could be heading for a second downward drift.”

Wall Street Journal 12/29/10