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Tilson: Housing Decline in Seventh Inning

T2 Partners' founder and 'Mortgage Meltdown' author Whitney Tilson says we're about one year and a 10% further drop from a real housing bottom.

Tilson: Housing Decline in Seventh Inning

Ryan Leggio: Hi, I'm Ryan Leggio. I'm a mutual fund analyst at Morningstar.

With me today is Whitney Tilson. Whitney is the manager of the Tilson Focus Fund as well as a manager at his hedge fund. Whitney also is chair of the Value Investing Congress and has a popular newsletter, "Value Investor Insight."

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Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.