The trouble with many of the "indicators" we report is that some are pretty current and others are severely lagging. Home sales are generally the former and home prices the latter. That's why, given the combination of the expiration of the home buyer tax credit and the increasing number of loans moving to final foreclosure, we knew that home prices overall would take a hit, but it would take a while. Well we're here. Two new reports out today prove the consequences of oversupply of organic inventory (12.5 months on existing homes in July according to the National Association of...