<Real Estate is very momentum driven and pretty slow. Markets don't crash in a day, like stocks. The fastest price changes in 2008 were around 3% per month for

<Real Estate is very momentum driven and pretty slow. Markets don't crash in a day, like stocks. The fastest price changes in 2008 were around 3% per month for non-distressed homes in Phoenix> A home in a non-distressed market losing nearly a third of its value in a year is "pretty slow"? That's a scary use of the term in itself.