Just read this post on the BondDad blog.  His take on recent data would suggest that the bottom of the market is behind us.  In fact the data he uses shows that the low point in the market was earlier this year.  I can definitely tell you that it’s been busier for me personally this year than last year, so that definitely means more buyers are out there buying.  The question is, is the so-called Phantom Inventory of housing (i.e. foreclosures that haven’t hit the market yet) going to make a difference?  Not sure but if inventory is declining, and sales are increasing, demand for those available homes is up which means prices will stop falling.

Read the whole article if you like- http://bonddad.blogspot.com/2011/09/its-time-to-admit-that-house-prices.html?spref=tw