No Housing Upturn until 2010. Home Prices are forecast to fall as much as 30% in the most severe housing recession since 1945.
Reuters

Mortgage Woes Push Foreclosures to Record High.
The Associated Press

Foreclosures Jump 30 Percent in 3rd Quarter – Congress, White House Debate Solutions to Help People Keep Their Homes.
John Schoen, msnbc.com

The End of Easy Money, A decade of low-interest lending allowed U.S. consumers to run up debt. But with rates rising, they can no longer count on borrowing their way out of trouble.
Justin Fox, Time Magazine

House Prices Slip in Half of U.S. Cities. Prices are sinking, and in some areas, sinking fast.
Marilyn Lewis, moneycentral.msn.com