There is a welcome chance to breathe for many of us with the solidifying lower and middle end of the housing market and the top end showing even more weakness.  The Wall Street Journal talks about it.  If you sell in the upper end of the market, you must read this:

From the Wall Street Journal:

While subprime mortgages sparked the first round of housing problems two years ago, now “troubles are lurking further up the food chain,”  says Joshua Shapiro, chief U.S. economist at MFR Inc. White-collar job losses have accelerated while more adjustable-rate loans to prime borrowers are resetting to higher payments. “You put all that together, it leads me…