Housing market at a bottom ????

well, probably not but let's look back a few years and see what what was being said in December 2006 -

"The worst of the U.S. housing slump is over, according to the National Association of Realtors . ."

This group is arguably the most optimistic bunch of bozos. I heard some guy say today on CNBC (during the 60 seconds I watched it) about Las Vegas . . . . "The market is great!" oh yeah, he did follow that with "unless you're a seller". Brilliant.