Is A Housing Bottom Within Sight?

Well, according to Moody’s Economy.com we are.  U.S. housing markets from Florida to California have suffered price drops of 50 percent or more from their peak, but now, at long last, a bottom is within sight, likely in the fourth quarter nationally.

 

So are they right?  No one can know for sure but what I do know is that we need the media putting this out there to instill confidence back into the real estate market which will bring buyers back out. 

http://www.reuters.com/article/gc03/idUSTRE5140H420090205