I don’t see any progress or any come up soon. Due to this kind of fuzzy situation – sure Governament would have to undergo several measures, but while trying to save the turmoils then Fed would also be pushed back to downward greatly in all aspects (like internationally $ strength etc). One fine day or after a long battle Fed realise there is no need to keep and justify Mortgage and bailouts then quick pick in up the interest rates – drastically this would increase. Guess what!! what would be our Home prices that time – leaving this question to all on us. Until and unless some miracle occurs all future of housing is blink(especially in expensive zones) for moderate and middle class lives.
