It's become increasingly clear the U.S. housing market is rolling over again, as indicated by these recent statistics:

  • New home sales fell 12.6% in January.
  • Mortgage applications are near a 15-year low.
  • The Case-Shiller Index has fallen five straight months.
  • Foreclosed homes were 26% of total sales in 2010.
  • 27% of mortgage holders are under water on their mortgages.

Watch the interview on Yahoo Finance

Read more: YAHOO FINANCE - "Pretty Ham-Fisted": Review of Obama's Newest Housing Fix