No. 1 Enemy of Housing Market: Cash

I was curious about what else could be behind the precipitous drop in housing prices beyond just the normal answer that "foreclosures are driving everything down." After some perusing that took into account what type of housing was selling, where it was selling, and what was facilitating those sales, I came to my conclusion -- and let's just say that it wasn't even in the same ballpark with what I was expecting.