When we started in 2006, I was often told that Housing Doom was overly pessimistic. My usual reply was “Who’d be interested in a site called “Housing Moderation”? Now in 2011 apparently even CNBC shares our pessimism: In the past few years, we’ve all been careful to choose our words carefully, not calling it a recession until it fit the technical definition and avoiding any inappropriate use of the “D” word — Depression. Things were bad but the broader economy never reached Depression territory. The housing market, on the other hand, just crossed that threshold. Home values have fallen 26…
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