Peter Schiff on FOX

Only 5% drop expected lol, me thinks she is opinionated :-)

Official commentory from Census Bureau (which is an official government agency)
Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,229,000. This is 3.0 percent (±10.6%)* above the revised September estimate of 1,193,000, but is 16.4 percent (±8.0%) below the revised October 2006 rate of 1,470,000.

Single-family housing starts in October were at a rate of 884,000; this is 7.3 percent (±10.1%)* below the September figure of 954,000. The October rate for units in buildings with five units or more was 312,000.

Even a moron realtor should know that home sales are seasonal. You compare sales and prices YEAR over YEAR ,NOT month over month. That is just plain stupid media / FOX propaganda