FLASH: Here's the latest S&P Case-Shiller numbers that Lawrence Yun, the NAR and realtors on commission like Greg Swann do NOT want you to see

"We think the housing market has now hit bottom"

- Lawrence Yun, NAR Chief Propagandist, January 2007

"The BubbleBloggers will someday bawl balefully in private, but they will never, ever admit that they have been very publicly very foolish."

- Greg Swann, America's Most Discredited REALTOR™, July 2006

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Housing prices post record declines - Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%.

Home prices posted another record decline, as most of the nation's largest markets suffered double-digit drops over last year, a survey released Tuesday shows.

The S&P Case/Shiller Home Price Index, which tracks 20 of the largest housing markets, showed prices plummeting by 12.7% in the 12 months ending February. That's the biggest fall since the index began tracking prices in 2000.

"There is no sign of a bottom in the numbers," S&P spokesman said David M. Blitzer, said in a prepared statement. "Prices of single family homes continue to drop across the nation."

Atlanta -5.6%
Boston -4.6%
Charlotte 1.5%
Chicago -8.5%
Cleveland -9.2%
Dallas -4.1%
Denver -5.5%
Detroit -16.5%
Las Vegas -22.8%
Los Angeles -19.4%
Miami -21.7%
Minneapolis -12.5%
New York -6.6%
Phoenix -20.8%
Portland -2.0%
San Diego -19.2%
San Francisco -17.2%
Seattle -2.7%
Tampa -17.5%
Washington -13.0%
20-city composite -12.7%

If your town's housing market had to "mark to market", how steep of a fall from the 2005 peak would it be looking at today?

"Mark to Market" - what is the true price that a seller would expect to realize on the open market to gain a sale TODAY?

Let's hear it. Enough of the BS we hear from the MSM, US government, NAR and homedebtors.

What's the reality on main street today?

Be real.

Cool tool - check out the Case-Shiller home price index and home price city graphs

Rising prices bring people (speculators, first time buyers) into the markets, making prices rise faster.

Falling prices push people away from the market, making prices eventually fall faster.

Got it?

Ever get to the tip top of the roller coaster climb, and you can tell you're just about to go down a really big hill? The dread, the excitment, the tumble into the unknown, the front cars plunging while the back cars clueless about what's to come...

Weeeeeeeeeeeeeeeeeeee!!!!!!!!!!