Quote Originally Posted by BanginJimmy
No one understood just how far reaching the housing market was. As soon as that crashed, everything else started falling like dominos. From what I have seen though, housing prices are starting to level and inventory is starting to shrink for the first time in over a year. This tells me that we are through the worst of that crisis and its only a matter of time before the other markets also regain the ground they have lost.

true. still lots of inventory, and with lending getting more and more strict by the day it gets harder and harder to unload inventory. I still think we need to see some more major builders go under, to bring house prices down a little more.

Just goes to show how bad deflation really is, even the deflation of one type of good.