Gee... ya think???

Too late, buddy... it's already on the way
down,
down,
DOWN!

And by the way, that's part of the reason why the so-called "good times" looked better on paper than in reality. People were told to refinance and use their homes AS a cash cow. Meanwhile, real wages haven't kept up with changes in cost of living. (And by the way, when I say "real wages", I'm talking about the WORKING CLASS, not the banking board of executives.) Now when people need to sell their houses, they're starting to realize that the appraised value is more than what the market will bear.

Of course this is all still being soft-peddaled by the so-called "experts"... at least until 2008. Then it will come as a complete "surprise" to them.