Summary of the Recent News on the Housing Market

"Most forecasts don’t see the market turning around until 2009 or 2010, mostly that is about as far out as they can see with any level of confidence. If you look at previous downturns (bursting bubbles) in previous housing markets, commodity markets , even stock markets history demonstrates that the return to the peak prices seen in 2005 or 2006 could take 8 to 10 years. "