As the rapid decline of residential real estate values continues unabated, making previous declarations of the bottom utterly laughable in hindsight, Seeking Alpha makes a distinction between the current state of affairs--our acute housing crisis--and a more chronic illness plaguing the market: an excessive and unchecked allocation of resources to that sector, which it attributes to our culture's acquisitive nature. For that story and more, check out Big Builder's bi-weekly blog roundup.

In a last-ditch effort to prevent existing-home values from plummeting even further, some homeowners may resort to mowing their neighbors' lawns, according to The Wall Street Journal.

Dr. Housing Bubble looks at the curious disparity from the August 2007 Bush administration's lack of support for homeowner bailouts and its announcement of new steps to help stave off foreclosures yesterday.

The Housing Bubble turns its eye to the role played by Alan Greenspan in the boom and the bust.

In a delicious twist of irony, BusinessWeek's Hot Property reports on the Mortgage Bankers Association's inability to pay its own mortgage.

According to Inman News, the International Monetary Fund recently estimated that the meltdown in the subprime mortgage market could suck nearly $1 trillion from the world economy.