The housing correction continues to exact its toll on the global economy. As the U.S. housing bubble pops, deflationary effects persist and continue to exert downward pressure on prices. The nation has managed to muddle through a deep recession led by consumer fear and tightened credit. While unprecedented government stimulus has led to a recent stock market rally, the overall economic trend indicates further volatility and risk. Many of the economic forecasters who correctly predicted the bursting of the housing bubble are now predicting a second leg down. Other forecasters are claiming housing prices have bottomed across the nation. Housingcorrection.com offers a suite of tools to help analyze and make sense of the chaos.

Case Shiller House Price Index - Compares house prices in 20 U.S. cities. (standard Case Shiller Index)

Case Shiller Median House Price Index - Compares house prices in 20 U.S. cities. (prices shown in median price per metropolitan area)

Case Shiller Median House Price vs Median Household Income (U.S. Census version) - Compares Case-Shiller Median House price to Median Household Income (20 U.S. cities and two composites)

Case Shiller Median House Price vs Median Household Income (Office of Financial Management version) - Compares Case-Shiller Median House price to Median Household Income (Seattle Only)

Median Home Price Charting Tool (OFHEO) - Compares median home prices in 384 U.S. cities (1975 to present).

Median Home Price Charting Tool (Global Insight) - Compares median home prices in 330 U.S. cities (1985 to present).

Median Home Price Charting Tool (OFHEO vs Global Insight) - Compares OFHEO median home prices to Global Inisght's adjustments in 330 U.S. cities (1975 to present).

Median Home Price vs. Mortgage Rates vs. GDP Charting Tool (Global Insight) - Compares median home prices in 330 U.S. cities to Mortgage Rates to GDP.

Altos Research Housing Market Analysis - Enter your city to view current housing market charts for your area.

Median Home Price vs. Compound Interest Charting Tool (Global Insight) - Compares median home prices in 330 U.S. cities to annually compounded interest.

The U.S. Housing Crisis: Where are home loans underwater? - Analysis of U.S. homes underwater. (Q4, 2012)

RealtyTrac Interactive Foreclosure Map - Dynamic map of United States foreclosures by county. Courtesy of reatlytrac

New York Times buy vs. rent calculator - Buy vs Rent calculator to check affordability in your area. Courtesy of nytimes

Federal Reserve: QE2 Monthly Purchase Schedule - Federal Reserve monthly treasury purchase schedule. Courtesy of Federal Reserve Bank of New York

Core Logic's Report of Underwater Borrowers - Report of the percentage of borrowers with negative equity in the 3rd quarter of 2012 (Updated Quarterly). Courtesy of Core Logic

PNC economic reports - Ongoing monthly economic reports. Courtesy of PNC

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