If You Live In One Of These 11 Cities, Your Home Just Hit A New Low

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Technically a housing double dip won’t happen until national home prices fall below the 2009 low, as David Blitzer explained on CNBC this morning.

But today’s Case-Shiller chart sure looks like a double dip.

In fact, 11 of the cities in Case-Shiller’s 20-city index are at new lows for the cycle. These include Atlanta, Charlotte, Chicago, Detroit, Las Vegas, Miami, New York, Phoenix, Portland, Seattle and Tampa.

In the coming year, Case-Shiller expects more cities to decline, sinking the national index to a brand new low.

New York -- down 2.3% year-over-year

Miami -- down 3.7% year-over-year

Charlotte -- down 4.4% year-over-year

Las Vegas -- down 4.7% year-over-year

Seattle -- down 6.0% year-over-year

Tampa -- down 6.2% year-over-year

Chicago -- down 7.4% year-over-year

Portland -- down 7.8% year-over-year

Phoenix -- down 8.3% year-over-year

Atlanta -- down 8.0% year-over-year

Detroit -- down 9.1% year-over-year

Want to invest in these dipping housing markets?

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