Unto The Breach!

From the Wall Street Journal today:

The above table suggests that, in general, real estate values have fallen about 2/3 of the amount that they need to fall. (This assumes that values will fall to historical levels; this assumption is for another post.)

Also noted in the article was that according to various real estate indices, the [...]

Hat-tip to Paul Kedrosky for publicizing this great slide deck on making sense of the mortgage meltdown from the Milken Institute in Los Angeles. Press the easel button in the viewer to blow it to full screen, or download the original.

Making Sense of the Mortgage Meltdown

PS – Does anybody remember only a year ago when [...]