Us house prices fall below crash levels

Home values in 25 major cities have fallen to the lowest level in eight years, according to the RPX Composite Index. That's a definitive double dip.

And from peak, home values are down 34%. Las Vegas and Phoenix are leading the collapse, down over 50% from peak.

The only market that hasn't been pummeled by the crash are Manhattan Condos, down less than 10%. So far the Case Shiller index hasn't yet fallen past 2009 lows, but that should happen soon.

The question now is when will the double dip stop. Housing Wire describes a "nameless, formless crisis" enveloping the housing market.

Source: Business Insider