Housing Numbers: Freefall? Meltdown?

If you Google[“housing prices” freefall] you’ll currently get about 265,000 hits. Wow! Freefall sounds extreme! How bad is it? Well, there are certain areas that rose at very high rates, most notably California and Florida, with areas like Las Vegas and Phoenix also remarkably affected. And the excitement from these markets drove, to a certain extent, most others as well. So, freefall. We’d guess from this freefall in national prices something on the order of tens of percent across the country. And from the strident tone of the articles, it must still be bad indeed… […]