New October data shows a decline in home prices and annual growth rates that point to a double-dip recession in housing, according to a new report from Standard & Poor’s.

The S&P/Case Shiller Home Price Indices report showed that home prices fell in all 20 metropolitan statistical areas and both the 10- and 20-city composites in October compared September. In addition, annual growth rates also declined in 18 of the 20 metropolitan statistical areas and both the 10- and 20-city composites compared to the previous month. Six markets – including Atlanta, Charlotte, Miami, Portland, Seattle and Tampa - hit their lowest levels since home prices began to drop in 2006.

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