More in the Annals of the Unsurprising

Home prices are falling now that the home buyer tax credit has expired:

More U.S. home sellers cut their listing prices in April, aiming to seal deals in the waning days of federal tax credits meant to revive housing, real estate web site Trulia.com said on Wednesday.

Monetizing housing, i.e. using artificial means to inflate prices, was never a good policy, and it is a transparently bad policy now.