What's happening is the housing market is dropping, home prices are falling, people are defaulting in record numbers, and there are foreclosures.

房地产市场在衰退,房价在下跌,违约人数破历史纪录,很多贷款买房者取消了赎回权

耶鲁公开课 - 金融市场课程节选

The subprime crisis is happening today because home prices are falling and with falling home prices more subprime borrowers are failing to pay their mortgage.

次贷危机之所以会发生,时因为房屋的价格在下降,随着房屋价格的下降更多的次贷借款人,将会无法支付他们的贷款

耶鲁公开课 - 金融市场课程节选

That's overselling because we're in a real estate crisis and home prices are falling and that's the kind of thing that makes some people upset.

这分明是过度吹嘘,我们身陷于房地产危机,房价在下降,令人非常沮丧

耶鲁公开课 - 金融市场课程节选

Home prices are falling at the highest rate we've ever seen. I have my own index s Case-Shiller indexes the Standard & Poor's Case-Shiller indexes and we announced our indexes yesterday.

房价正在以我们从未见过的速度下跌,我有自己的一个指数,名字叫The，Standard&Poor’,而且昨天我们公布了我们的指数。

耶鲁公开课 - 金融市场课程节选

Now they are falling and in real terms home prices have fallen almost 10% since the peak in 2006.

从2006年房价格最高点算起,现在房价已经,下跌了将近 10%

耶鲁公开课 - 金融市场课程节选