I'm no pundit or expert on the broad matters of housing nationwide by any means. But I do read a lot about what the "experts" are saying. I just read an acticle published in the Wall Street Journal that says this "expert" believes we are at the bottom of the housing crisis. He makes very good point about the affordability of homes on the market and the pull back of the big homebuilders. Low interest rates and affordability, according to him, mean that it takes only 19% of the average americans income to buy a home now. Versus the 25% of income it was taking at the peak in 2005. That is a big difference and may well be a sign we are slowly coming to an end of this crisis. But, even this expert agrees, it is going to take some time, even years for the recovery to get close to where we were. At this point, I'll take any good news I can get. What am I seeing in out local market? A large inventory of very well priced homes and still a shortage of buyers but a few more than we have had in the past 18 months. I think fear of the market is keeping a lot of qualified people on the sidelines. When we get over this "fear" I think the market will recover nicely and the people who do buy soon will be very happy they did. Just my estimate but it makes sense to me.