Housing Crisis Half Way Through

This is the best analysis and explanation that I've come across, on why the current housing crisis exists, and how far along the U.S. is through the crisis.

It's fairly long, but it's easy to scan in the presentation format, and it can be downloaded as a PDF if you have an account with Scribd.

Bottom line: "The Timing Indicates That We Are Still in the Middle Innings of the Bursting of the Great Housing Bubble."