Mark Burson

I agree with the latter comments, but I will add that it sounds like we are writing off the over all market conditions. Of course there are pockets of sound and robust activity, but as I see it, this is very much like my filght instructor use to say, "Any landing you can walk away from is a good landing." We are not out of the woods yet (so to speak), and there are lots of buyers, investors, builders, mortgage brokers, and real estate agents walking away. Meanwhile, back at the hanger, humpty dumpty will be working for some time to come.... putting the plane back together.

The same real estate people that flag the Case/Shiller as flawed are very likely the same ones that ignored the data when it was suggesting this market was coming because of flawed professionals that had one eye on profit and the other on opportunism. These people were not scoffing when they were lining their pockets with the gain that brought this pain.