Funny you should say 2012 Ex-SD. I came across this table on Mish’s Global Economic Trend Analysis in the linked “Other Bubble Bloggers” on the home page. here is the closeup of the chart.
It says this is what RE Futures traders are predicting, but the commentary says forecasting is difficult and we all know what they thought a year ago. If we agree there are more shoes to drop, Nov 2010 is optimistic. I tend to agree that 2012 is more likely. Maybe even 2013, which would be about 7 years. Considering there is absolutely nothing that can offer even a glimmer of hope for housing right now though, that may even be optimistic.