Brett Arends: Housing crash intensifying

According to the article, statistics follow as below:

Average home prices are down 8% from a year ago, 3% over the quarter, and are falling at about 1% every month, according to Zillow.

And the percentage of homeowners in negative-equity positions — with a home worth less than its mortgage — has rocketed to 28%, a new crisis high.

Zillow no longer feels the housing market will bottom before 2012.