Are we at a bottom yet in terms of real estate prices (particularly residential values)?

The second phase is about to hit. The first phase was the people who never should have gotten a loan in the first place. The second phase is the people who had a generous amount of equity, but it all evaporated. Their adjustable rate loans “fixed periods” are going to be coming up in the next 1–2 years and they will not be able to refinance. The shit has not completely hit the fan yet. There is a very large turd on it’s way. I wish it weren’t true.

I agree with @Judi – The bottom is not yet seen. Housing prices are still dropping here in Northern California at an alarming rate.

Housing is not going to to up for a long time. Prices were way out of line. On the other hand, some markets never did have ridiculous prices, and seem to be more stable.

When you buy a home as a primary residence, you are purchasing shelter. Whether or not it turns out to be a good investment is more of an accident, and not a guarantee. Many people were in a pattern of moving locations every 3 years, and would sell their home to people in the same situation. The problem is, if your job doesn’t move you around, you still have the house to contend with.

OOH. What was I thinking? First sentence should read, Housing prices is not going return up to the levels of pre-2008 for a long time. Sorry about that.

Housing (for the most part) will most likely remain stagnant for the next 4–5 years.
Some regions will rise slightly, while others decline a little further. The worst , however, is behind us. Look to invest now in up and coming areas/cities such as Austin, TX and Orlando, FL.
Cities that offer low cost of living with year round outdoor activities (golf, beaches, watersports,etc) people are looking to get out of the snow and grey weather which adds to an already “depressed” economy.

no, sadly there are many foreclosure properties in financial gridlock, and the banks cant just flood the market with properties, i believe and this is just my opinion that 2010 will be as close to bottom as the Fed will led the Real Estate market get. if you want more information or more explanation shoot me an email.