Mr. Humphries said that he expects home values—for both New York and the U.S.—to reach bottom later this year and remain flat for the next three to five years.http://www.crainsnewyork.com/article/20100809/REAL_ESTATE/100809846

Economist and saying that this housing crisis will drop to it's low real soon. But how can it when we haven't put the plug on the issue.

• Balloon Payments are now coming due on their 3-5 year time.
• The excess of short sales will end up causing the same if not more problems than foreclosures themselves.
• Boarded Up home are deteriorating the wealth of the communities in so many ways: taxes, development, retail, population etc.