I wouldn't do the "Housing Bottom Dance" just yet

``I have a much shorter list of reasons why I'd put off the dancing. It all boils down to supply and demand. When demand exceeds supply, there's downward pressure on the market. In order for housing to achieve a flat line, there would need to be a balance in demand and supply, and that's not happening any time soon. The National Association of Realtors currently admits to an 8.4 month supply of homes on the market. They'll tell you that a six month supply represents a "balanced market", [making the current inventory "unbalanced"] but there's more to the current supply than homes that are actually listed.''