[apoxonu]

There’s a difference between a crash and a correction. Everyone keeps saying the housing market is crashing but they forget that in 2007, people were paying 500,000.00 for a home with a real value of 100,000.00. In other words, due to super low interest rates, housing values were massively inflated. Now the prices are falling to what they should be. That’s a correction, not a crash.

[expat_panama]

"...housing values were massively inflated. Now the prices are falling to what they should be..."

--and finally aligning with a long term historical trend line.

[SC_Pete]

13.9% in one month! It has only started. Once the debt unwind gains steam witha vengeance, look out below. Ben Bernanke cannot stop it.