This article is so biased it's nuts : http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/11/29/cndollar29.xml "US house prices fell 3.5pc to an average $221,000, the third month of declines." My comment : After huge growth in housing. This is just a natural pullback after huge gains. "In a rare piece of good news that helped calm Wall Street after the equity rout on Monday" My comment : Wow, we're in trouble. We had a one day route. Oh my God, the S&P 500 is only up 13% for the year. And a rare piece of good news ? We've had almost nothing but good news, economically, for months not. Did they mention our low unemployment ? Or our stock surge ? Or our very good average salary increase ? No but they did mention ONE DAMN DAY. "David Lereah, chief economist for the US National Association of Realtors, said there might be light at the end of tunnel for the housing market, citing a slight rise in transactions." My comment : Light at the end of the tunnel ? I suggest they look at the housing market from January 1 to December 31 and see how it looks. A pullback after a huge rise is not a disaster. That article makes no sense. Sure, the deficit is an issue in terms of the dollar, etc, but they overreached in a nutty way. Investments, whether stocks or real estate, are strong and will have had a great 12 months. And, yet, they nit pick about ONE DAY in the stock market and a short period of housing. How about strong earnings for months ? Rising wages ? Almost no unemployment. Unbelievable.