At the end of January, Business Week's Peter Coy wrote a cover story titled, "Meltdown: For Housing, The Worst Is Yet To Come." Many investors look at magazine covers as contrarian indicators, but Mr. Coy was spot on with the article since things have indeed gotten worse.
We just got this week's Business Week in the mail, and once again Mr. Coy (along with Mara Der Hovanesian) has written an article on the struggling housing market. This week's title -- The Home Price Abyss: Why The Threat Of A Free Fall Is Growing."
Business Week could have left real estate alone since they have already been right on their February call, but they're effectively doubling down on their bet that real estate will continue to fall.
Check out the articles. They're both good reads.