The video below is from a 60 Minutes episdoe which aired on December 14, 2008.  The story explains how we “may” be entering another bursting bubble in the real estate economy for “Alt-A” and “Option ARM” loans which could begin to default at a high rate. 

Ditto for November just like October, but not quite as good. November  was even slower than October. Everything went down as you can see on the chart. Again the bad thing is the Listings Under Contract went down by 78 units from the October data, while Total Units Sold went down by 188 units. These [...]