The NAR can try to spin and lie as hard as they can, but there comes a point folks, like when the water was coming over the bow on the Titanic, when people realize it's all over, and now the rush to the lifeboats begins.
Folks, you are witnessing a housing crash of historic proportions. You will tell your grandkids about this time one day. The gears are starting to lock up now. The center is not holding. And a chain reaction meltdown is fully underway.
I hope you've found your lifeboat. Better hurry, they're getting pretty crowded.
Hat-tip to the excellent housingdoom blog for the chart and truth.
