The dollar has fallen (is falling), home prices are still beyond affordability…inventory is sitting–property taxes are high on false appraisals and there is a credit crunch since the “banks” and investors don’t want to get burned further.
The gov’ is trying to find a solution out to 2010.
It seems we are nowhere near the bottom, fundamentally. But it would seem like some of the economically smart people out there could estimate where the median price will be in 2011 or 2012 given the current government intervention.
