There was more bad news for the housing sector Tuesday. Both sales and prices of existing homes continued to fall, while inventories rose.
CNBC asked the experts for their outlook on the turbulent real estate sector. Here is a sampling of their answers.
'The Donald' On Housing
Donald Trump, developer and president of the Trump Organization, tells CNBC's Erin Burnett that beyond "strong pockets" like Manhattan, the housing market is "going to get very bad" before it turns around.
Looking For A Bottom
Has the market started to level off for homebuilders? Robert Shiller, economics professor at the Yale School of Management, and David Seiders, chief economist at the National Association of Homebuilders, share their views with CNBC's Bill Griffeth.
Home Sales Hope
Barbara Corcoran, founder of The Corcoran Group, compares the current housing downturn with 1987 -- and explains why 2007 is "not nearly as scary." With CNBC's Diana Olick & Dylan Ratigan.
Losses At Lennar
James F. Wilson, managing director at JMP Securities, tells CNBC's Erin Burnett about the implications of the No. 2 U.S. homebuilder's earnings report -- its worst quarter ever.
Decoding The Index
What do the Case-Schiller Home Price Index numbers mean? Insights from David Blitzer, managing director and chairman of the S&P subindex committee. With CNBC's Erin Burnett.