"Real estate prices nationwide could fall by as much as 40% in real dollars in the next few years." - Dr. Robert Shiller, Yale University

Lower property taxes may be yours by way of a property tax appeal. Judging from housing trends, you should easily find comparable properties that are lower than the values the property assessor valued you for last year. It’s a slam dunk.

The new-home supply hits a 1-year peak and housing sales are falling. Now the crash has begun with implications for the entire country and the question is no longer "Will real estate fall?" but "How bad will it get?"

Prices of single-family homes across the nation depreciated in January compared to a year ago, the worst results in more than 13 years, the S&P/Case-Shiller housing index revealed.

It was the first time in at least six years that housing prices fell as housing demand keeps falling. Foreclosures are near highs and it could get worst. They are not just rising in the boom states of California and Florida but also weaker growth and high unemployment states like Michigan.