Econintersect: Michael David White is CEO of New Mortgage Direct and his business is selling mortgages. He is not shouting “buy” to prospective home buyers. White projects that nationally median home prices still have 17% to fall. He projects seven more years will pass before consumers’ balance sheets and debt burdens will return to normal. He sites data showing home affordability is better than it has been for decades and debt payments for consumers are coming down, but it will not be until 2018, he projects, that household debt will get back to normal levels.White publishes his research on his website, housingstory.net. He has just put up 30 charts which he says encapsulate all the key data that home buyers and sellers should be aware of before entering the market. There are some charts that are encouraging about prospects for the housing market, but the vast majority paint a picture of very dismal prospects for housing. The title of White’s latest post: “A Silent Radioactive Sky is Falling on Your Home.” And this is from a man who makes his living selling mortgages.