"The Big Picture" on the US Housing Market

Today I have added some popular US blogs links (Canadian blogs coming soon) to my blog, including Barry Ritholtz's "The Big Picture". It got my attention by posting this chart on the state of the US housing market today. I have not had much time to review these blogs thoroughly, but I hope to in the coming days. According to the NY Times, it looks like the number of foreclosures is close to the total housing sales in January - pointing a large amount of excess supply on the US housing market. This picture also adds some interesting regional flavor to this story (I feel for Nevada) .... go to The Big Picture for more!