I could be mistaken, but: 

1. The current Secretary of the Treasury is advancing a SIV/commercial paper bank bailout that sounds suspiciously similar to the kinds of things Enron did that put several of their execs in jail and deep-sixed the company. 

2. Goldman Sachs has announced that- unlike every other bank on the planet- they were, and are, in a short position on mortgages.  They expect no mortgage-based impairments.  However, they also hold Level 3 assets (assets which are so illiquid, they are marked-to-model, not marked-to market) of approximately 72 billion dollars. 

3. NAR has reduced its 2007 sales projections in all 11 months of 2007…while maintaining the market will return to health in 2008.  NAR is also pressing Congress to allow deadbeat homeowners to deed in lieu of foreclosure and face no adverse tax consequence for doing so. 

4. Scads of local Realtors have their homes on the market. 

5. The Chairman of the Federal Reserve told Congress that he thinks it’d be pretty cool if there were a GSE- a la Fannie Mae or Freddie Mac- to do nothing but package jumbo mortgages.  I guess Fannie and Freddie’s stellar recent performances have inspired the Chairman to expand these enterprises.  Oh…Fannie Mae lost over 1 billion dollars in its most recent quarter. 

6. Inflation is not growing…at least, by a standard of measurement that assumes people can eat plasma TVs. 

If I had more time, I could keep adding to this list, but these six items are enough to make me think that we’re entering the endtimes.  I mean honestly, what are these people thinking?  We Realtors have been upfront and vocal in screaming for all kinds of handouts, bailouts and do-overs.  Now, it appears that it may come true.  And, the cruelest irony of all is that the handouts may be the thing that finishes off the market for good. 

From Bloomberg, Thrusday, November 15:

Freddie Mac, the second-largest source of money for U.S. home loans, joined Fannie Mae in introducing or raising fees on mortgages the company buys from lenders because of the increased risks in slumping housing and mortgage markets.

Freddie Mac is primarily setting new fees for mortgages made to borrowers with credit scores below 680, whose loans exceed 70 percent of their property’s value. The new charges range from 0.75 percent to 2 percent depending on credit scores, according to a bulletin by the company. The changes take effect March 1.
…
Freddie Mac’s changes are “in response to continuing volatility and turmoil in the mortgage market, including the deteriorating performance of higher-risk mortgage products,” the McLean, Virginia-based company said in a letter on its Web site.

It also said mortgages from markets with falling prices must now have loan-to-value ratios at least five percentage points below normal requirements for mortgages with the same attributes.
…
Under Freddie Mac’s new fee system, a lender selling a mortgage to the company from a borrower with a credit score of 675 who made less than a 30 percent down payment for the purchase of a $300,000 home will forfeit $2,250 in charges. The lender, which would typically make less than $3,000 on the sale, could get paid more by raising the interest rate on the loan.