U.S. house prices tumble in October

[James Vermillion]

I just came across this article discussing the housing price decline that occurred in October http://www.marketwatch.com/story/us-house-prices-tumble-in-october-2010-12-28?siteid=yhoof). A lot of the discussion you hear on the news and other articles about real estate paints a somewhat rosy picture, that the worst is over and the recovery is about to start. In October 6 cities hit new lows in housing prices (Atlanta, Charlotte, Miami, Portland, Seattle and Tampa hit their lowest levels since home prices started to fall in 2006 and 2007.) As you can see by the cities listed they cover the south, east coast, and west coast, not one area of the US.

This is good news for those people in a position to buy and hold properties, as proper DD can find some excellent deals. What are your thoughts on the housing market for the next 6 months. Do we see this climb everyone talks about, or do prices continue to fall?