That report was written by a super smart group of marco economists who are know a who hell of a lot about RE.

First I am not economist, so sory if I am not using economicaly correct language.

It is near universal by economists that rent control is a poor thing.  

We will see a significant rise in delinquent and defaulted mortgages in commercial real estate above and beyond what we already experienced," said Sam Chandan, president and chief economist at research firm Real Estate Economics.SEARCHING FOR ANSWERSGeneral Growth said in a statement that it would keep exploring strategic alternatives during bankruptcy protection, from which it is seeking to emerge as quickly as possible through a reorganization that preserves its national business.Its filing in the U.S.

Here is some thoughts on markets.According to a presentation by Lawrence Yun, head economist for the National Association of Realtors, these are the top flourishing real-estate sectors in the United States: San Diego, Calif.Orange County, Calif.Houston, TexasBuffalo, N.Y.Washington, D.C.Columbus, Ohio

b) All those millions of phone calls and letters to Congress convinced them to say no and let the market fix itself c) smart people will always find was to make money I wish I could hear top economists rather than Wall Street investment bankers explain all the reasons why it is iimpossible for the market to correct itself.

Back on topic...I'm friends of many years with an economist who was instrumental in bringing "risk based pricing" (RBP) to the mortgage industry through his company, GHR Systems.

I'm not an economist, but I see those and think prices aren't going down. 

While national real estate trends may be of interest (and meaningful) to politicians and economists, it shouldn't be very interesting to the majority of real estate investors...

NPRnytimes.comcnn.comReal Time w/ Bill MaherThe OnionThe Economist