I am seriously hoping not:
Watchdog Blog » Time For Real-Estate Watchdogs To Start Howling Again: "You might not know it from reading the news, but the nation’s housing prices are in free fall again.
For the many Americans who have (or had) most of their wealth tied up in their homes, the consequences of this will be profound. The effect on nationwide consumption will inevitably be severe. In fact, there are some not inconceivable scenarios in which the housing market could just take the economy down with it again."