following are copies of a number of links to articles appearing in the april 23, 2009 on-line edition of the wall street journal on the subject of residential real estate from a national perspective.

 

http://online.wsj.com/article/SB124044612611045827.html

 

 

note that according to this article nearly 50% of the 4.57 million residential real estate sales in march were foreclosures or short sales, and further, the article identifies these distressed sales as the main contributing factor to residential real estate price declines nationally.  so, who's paying for all the speculative residential real estate purchases financed by aggressive and undocumented loans?  anyone who owns residential real estate in that what for most people is there most valuable asset is now and will continue to be worth less as markets grope for sustainable equilibrium prices.

 

http://online.wsj.com/public/resources/documents/retro-HAGERTY.html

 

 

http://blogs.wsj.com/developments/2009/04/23/when-will-home-prices-stabilize-fitch-says-2010/

 

perhaps more insightful than the content of the articles are the reader comments on each article.