put an immediate chill on the housing markets and reverse almost a century of housing policy.

They gave me a chill. I have never seen anything quite like this.

Many of our hot housing markets are transitioning from a sellers' market to a buyers' market.

In terms of how it affected financial markets, it did have an immediate impact, but I don't think it's long-lasting at this point until we know a little bit further what the situation is surrounding it.

The Fed certainly recognizes the importance that the markets are placing on the housing market and could well use it as a means of sending strong signals.

The prospect of deflation is one that sends shudders through financial markets.