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March Case-Shiller shows double-dip in home prices

March Case-Shiller shows double-dip in home prices (by Greg Robb)

WASHINGTON (MarketWatch) -- The prices of single-family homes in 20 major cities fell for the eighth straight month and confirmed that there is a double-dip in the housing market, according to the S&P/Case-Shiller home price index released Tuesday by Standard & Poor's. Home prices fell a non-seasonally adjusted 0.8% in March. Prices have moved down 3.6% in the past year. Home prices declined in 18 of the 20 metropolitan areas tracked by Case-Shiller in March compared with February. Washington D.C. and Seattle were the only markets where home prices increased in March.

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March Case-Shiller shows double-dip in home prices