The Bottom???

Phil Izzo of the WSJ online collected opinions from several economists about their view of current market conditions. In his post the general sentiment from those he interviewed was that we probably have hit bottom as for the resale of homes (April resales rose 2.9%), but inventory continues to rise and prices my still be falling in some markets. Some good news is that housing affordability is at all time highs and interest rates are at all time lows.