XBox,
That actually tells me that we will not be able to sustain this level of reduction, not that the bottom is near. Half that rate of reduction and you are still going to give the NAR a heart attack, but homes will bottom after 2010.
The bottom will be the exact opposit of the top that passed in 2005/6. A year or two where prices dont really do anything, but sales are picking up. (seasonally smoothed, I dont mean any fake bottom spring)
