Home prices are now undervalued, economists say - MarketWatch
The enormous volume of foreclosure homes being dumped by failing banks has driven home prices below their "fundamental valuations." So say the economists. And they also say there is "no end in sight to the downward spiral of house prices."

I other words, your house isn't worth a bucket of warm spit. Now get out there and borrow some money and buy some stuff. Merry Christmas.