When it rains, it pours. On top of trouble on the Korean peninsula, Eurozone sovereign debt concerns, and a belief the US economy could be heading back into reverse, the S&P/ Case-Schiller Housing Index showed a drop in home prices from February to March.

The 10 City Composite prices dropped  .4% month-over-month. The 20 City Composite was off .5%.



Housing prices rebounded from crisis lows, but recently have seen renewed weakness as tax incentives
are ending and foreclosures are climbing.

Douglas A. McIntyre