According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next June 2012, pushing them to a new low and marking a triple dip in prices.

According to JPMorgan analysts, values will probably fall an additional 7 percent until bottoming in 2012. A record of almost 33 percent of the $1.2 trillion of so- called securitized non-agency loans are at least 30 days delinquent, in foreclosure or have been turned into seized property

Contract failures were reported by 18 percent of National Association of Realtors members in September 2011. They were 9 percent in September 2010. Contract failures are cancellations

The national median existing-home price for all housing types was $165,400 in September, down 3.5 percent from September 2010. That's down 35 percent from 2005. Many creditworthy home buyers are being denied mortgages. The average price in Canada is $350,000

Despite some of the best home-buying conditions in years -- affordable prices, low interest rates and lots of choices -- fear of buying has infected the market.

Baby boomers are retiring. There are 70 million Americans born between 1945-1960. One-third have zero retirement savings. The only money they have is equity in a house, so they must sell. This will add yet another flood of houses to the market, driving prices down even more.

The portion of households that could afford a home priced at the statewide median of $292,120 rose to 52%. Potential buyers needed to earn at least $61,530 a year per household to afford a home at the third quarter's median price. Median national household income fell 10% since Dec 2007 to $49,909

Venice CA the average house is 5X the national average and the only homes available below $500,000 are foreclosures. The average sale prices have dropped from $1.1 million in 2008 to $817,000 in 2011

San Bernardino CA average sale prices have dropped from $320,000 in 2006 to $107,000 in 2011

Naples Florida Sales

An estimated 50 million Americans live in association governed communities paying HOA fees

Foreclosures jump 7% in October from September Foreclosure auctions rose 8%

Wealth gap between young and old is wider than ever

National Housing Prices News

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Naples, Florida., is expected to take the biggest hit of any metro area, a price drop of another 18.9% by the end of next June 2012. Home prices in the area have already fallen 61% from the peak.

The median sales price for homes in New York NY for Aug 11 to Oct 11 was $1,075,000.

( 6.5X the national average )

Unlike most of the US, prices were minimally affected by the recent housing bubble crisis. From 2003 to 2011 real estate has been a good investment in New York, NY. However unlike most of the US, during the Dot Com boom and bust between 2001 and 2003 prices peaked at $1,680,000 and dropped to $500,000.