The Great Housing Recession Continues - Thomas F. Cooley and Peter Ruper - … The behavior of the housing sector over this recession is unlike anything in recent history. This can easily be seen in the first figure below, which shows the percentage increase in foreclosures over the past several recessions. … - Forbes

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talks about housing - U.S. Economy Needs More Compost, Fewer Chemicals: Caroline Baum - Inflation or deflation? A V-shaped recovery or something indistinguishable from recession? Enough new hiring to reduce unemployment or another jobless recovery? … Rarely have so many observers looked at the U.S. economy and come to such diametrically opposed conclusions. We’re either entering the Promised Land or staring into an abyss. … - Bloomberg

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Video: Dear Mr. Buffet – Janet Tavakoli - … In addition to being a place for Ms. Tavakoli to praise Warren Buffet, the book can serve as a very detailed account of the issues that derailed the financial markets. Chapter 5 – “MAD Mortgages – The “Great” Against the Powerless” serves as the best and most concise account of the underlying factors that set the housing market up for the greatest collapse in US history.  That chapter alone has over 50 cited references. … - Surly Trader

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read this - The ‘easy mortgage’ era won’t last - Bill Fleckenstein’s Contrarian Chronicles - … To this point, the economy has gotten a substantial boost from homeowners who simply don’t pay their mortgages and use the "extra" money for other things. … You needn’t be a statistician to compile the evidence. Much work has been done for us, courtesy of an informal survey conducted by a reader of my daily column.  I have condensed his observations for Contrarian Chronicles … -  MSN Money 

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California home default cases plunge - By Alejandro Lazo - A 40.2% drop in the first quarter suggests that the foreclosure crisis is easing. - LA Times Business