Like everyone else, I can only guess the near-term path of the real-estate market. With that disclaimer on the books, here’s my guess.
The real-estate meltdown has gone deeper and wider than most people thought. Including me, I’ll admit. We’ve all witnessed the results, and naturally everyone wonders what’s next and what to do about it.
Evidence of a bottom
There are some signs that the relentless foreclosures and price erosion are easing. We may be hitting bottom.

1. Escrow index. Last week, pending home sales, as measured by the National Association of Realtors pending home sales index, were up unexpectedly to 89, the highest since October of last year. A leading indicator of sales, it shows buyers may be coming off the sidelines.
2. Sellers market in lower price ranges

US housing market recovery not until 2009: analysts AFP
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