So Cal Home Prices Drop 20 2005 Levels

Additionally, home sales are at a 20 year low. Of interest is the reports of some "bargain hunters" returning to the market.

When one looks at crashes, whether real-estate, or other assets, I think that this qualifies as a whistling in the dark.

We'll have some more of that, and at least one dead cat bounce^* before this is over.

^*It refers to a short term spike in values during a bear market. It comes from the expression that "even a dead cat will bounce if it falls from a great height".