dude,
I followed your dying hard as meaning heading downward but with resistance. The bump I see will be stability as opposed to a continuation of the current collapsing we have gotten used to. Very limited supply in certain central areas near you will create some price strength for the quality properties.
The property that I mentioned above which has generated numerous offers (i.e. 10+ with easily that many more which could have been 20 had I not discouraged them) was on a house that had only 8 other similar homes come on the market in the last 12 months. When I see demand 2 to 3X the annual supply come in during a single week, I gotta beleive somthin’s up. Its easy to sit back as an armchair economist and predict doom but when I sit out here and field calls all day from agents begging me to consider their clients offers its hard for me not to have a splash of optimism in my Martini.
