Sales of all types of previously owned homes – houses, condos, and co-ops – fell by 5.9% in October from September, the ninth month in a row

Home prices are shrinking at the fastest pace on record, according to S&P Case-Shiller.

The number of houses sitting on the market grew at a record pace last month. It was the third straight month with a record increase.

16 years since the bubble peak, the Case-Shiller National Index (SA), was reported as being 65% above the bubble peak in 2006.

Until this toxic economic pattern shows signs of reversing, the unfortunate reality is that a decline in home values is inevitable.