by Michael Snyder, The Economic Collapse Blog:

I am extremely concerned by what I am seeing in the housing market.  When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash.  I repeatedly warned my readers that prices would start declining and that home sales would fall precipitously.  Needless to say, that is precisely what has happened.  In fact, last week we learned that home sales have now dropped for nine months in a row…