“Over the past five years, San Jose home values have appreciated 78 percent,” the report said, putting the area’s housing crisis into perspective.

“This is the steepest annual rate of decline in London prices since August 2009, during the last housing slump, which was itself associated with the banking credit crisis of 2008-09,” it said.The north-west of England has now replaced the capital as the fastest-growing property market in the UK.

Or is this Notes fund market is short- lived hype created by recent mortgage crisis and huge inventory?

Another crisis in economy( dollar, oil, saudi arabia ,inflation/interest rates, etc) will crunch us down again.

Florida is going through an insurance crisis at the moment with somewhere around 15-20 companies this year that have stopped offering new policies.

Kiyosaki said essentially the same thing when he blamed the mortgage crisis on "creative financing".

As a consequence of the pre-2000 financial crisis in Asia, no local (Thai) banks or finance houses are either willing or legally able to offer mortgage facilities for non-Thai nationals.

Josh,I don't have a prediction for 2012.Too many known unknowns.I will follow: liquidity crisis spilling over from Euro Zone,counterparty risk US banks have with Euro & other soverigns.HELOC& 2nd's causing the banks problems.

What you won’t see, is any news about the banking crisis in Europe and the recession.

Congress is currently holding hearings on the housing crisis and the mortgage industry, and we need for them to know what is going on!