Housing market gurus - we've only just begun?

All I know is that the number of foreclosure/short sales in the Baton Rouge area have been increasing. This post Katrina bubble has lasted a long time, looks like it is on it's final legs.

Absolutely. I think Case-Shiller approaches 100.

I took it to mean a weighted average of foreclosure rates and indexed real house prices.

They title it implicating future housing declines on Frank-Dodd, cite one thing (5% risk retention on MBS, which don't even apply to agency MBS [which they point out]), then just cite a bunch of real estate trends and statistics. I mean come on.

eta: I thought you were talking about my comment about the title, were you talking about "what's worst mean?"

When it doubt, throw a bunch of data around and hope it sticks.

Jose Baez would approve.

I only say that because I don't think simply stating real prices will continue to decline further past the 09 bottom qualifies as "the worst yet to come." To me, "worst yet to come" means huge year over year declines, which would result in another banking crisis (among other things).

My phrase meant a very large increase in inventory in an already over saturated market leading to housing values plunging to prices well below today's value. it also meant that an escalation in defaults could also lead to another banking crisis.

I would imagine places like Phoenix cannot fall much below record lows since they were ground zero for this, but homes in LA can still fall much further.

All that being said, I posted b/c I suck at finance and was interested in knowing if this data means much or if it is just another shot in the dark.

I don't see any reason why inventory would dramatically increase, there's no impetus for another dramatic decline. You can look at the Case Shiller that was just released yesterday and see that we aren't very far from hitting what you could argue the point of a normalized CAGR pre-housing boom.