Most of the outcomes can be predicted by sheer common sense.
Like in 2006 when I came to SD from Dallas TX I was dead sure that housing is much heated here and would fall 30-40%.
I even advised few of my friends not to buy in 2006.
Look where are we now.

Where do we go from current situation is a bit tricky to predict depending on many factors. But looks like housing still has some ways to fall.
Who knows the impact of joblessness and interest rates one can only guess.