In came the waves: "Where home prices could fall another 50%"

The first waves of selling and price declines these past couple of years were painful..

The final wave, the one that clears through the millions of vacant, foreclosed, overpriced, overbuilt, badly located, for sale and unwanted homes, the one that wipes away the rampant fraud and speculation, the one that gets home prices back to (or below) their historical averages, well that wave is just now coming ashore.