Your Money: Housing Limbo: How Low Will Prices Go? -- by Joshua Brockman

"Nationally, we're very, very far from any bottom," says Baker, who believes the lowest point may arrive between the middle of 2009 and the start of 2010. He notes the nationwide glut of housing inventory, with the number of new and existing homes on the market at near-record levels and vacancy rates for ownership units at record highs.
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