But what I'm most interested in are the bullet points and the conclusions that stem from them.
* Compared to last February, median housing prices this past month plummeted 12.5 percent. That's the biggest rate of equity hemorrhage to date;
* Each of the past three months, the rate has increased. It was 9 percent in January and 6 percent in December, indicating that downturn is picking up steam, not slowing down;
* The supply continues to swell relative to demand. Currently, there are 8.72 homes available for each buyer expected.
The post is worth reading in its entirety. The conclusion: market problems won't be solved until this supply imbalance is corrected, and we're not close to having that happen yet.