Distressing news: House prices still falling

MSNBC reports:

The economy seems to have picked up in the second half of the year. But apparently no one told the housing market.

Home prices continued to fall in October, even as sales of existing homes picked up and homebuilders applied for more permits. After stabilizing this summer, prices fell at a 7.5 percent annual rate in the three months ending in October, according to the latest data from CoreLogic, a real estate research firm.