Real Estate Rebound by 2011? 2005’s Imperfect Crystal Ball

In a not so simple economic sag, can we rely on the simple law of supply and demand to correct this housing market? With new construction starts at an all time low the inventory of resale homes will thin out over the next 3 years, making this 2011 prediction plausible. See the article for the full theory...
http://rismedia.com/wp/2008-06-25/looking-back-to-look-ahead-2005s-imperfect-crystal-ball/

Some Bad News and Some Good News

There is no question that the housing market is in a price correction, but there is hope that with such a rapid decrease in values over the past two and a half years, we will reach stability quicker then in previous price corrections which lasted over six or more years due to a slower pace of decline... see the full article by Inman News below.
http://www.inman.com/news/2008/06/27/speed-price-correction-almost-unprecedented