Think back only a few months and the analysts who study the US housing market were pretty confident things would turn out alright. It had hit the bottom, they said, and by the second half of the year sales and prices would be rising again.

Richard Fletcher, The Telegraph Deputy City Editor – 29/08/2007

US house prices in record nosedive. Well here we are: the second half of 2007 is upon us and not only is the market not at the bottom, it’s falling faster than ever – full article