Is South Florida's housing slowdown simply a correction or is it headed for a crash?

Michael Cannon and Jack McCabe -- the bull and the bear of local real estate -- make their cases.

Cannon says he called the last housing bust in the 1980s. But the real estate analyst who has studied the South Florida market for four decades says he's not ready to say that about this downturn.

For more than two years, analyst Jack McCabe has loudly and consistently said the housing market is going to deliver a hard fall?

Who's right? Read on, and decide for yourself.

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