Is Housing In a Slow Motion Decline ?

Business Week reports:

Toll Brothers' news isn't evidence of an abrupt tumble. Instead, it's more like another drop in a steady drip, drip, drip of negative news for housing. A slowdown in this market may still become a serious drag on U.S. economic growth, but the decline is likely to be gradual. Housing isn't likely to go poof like an overinflated balloon.

Housing probably can't go up every year in value from now to doomsday.