WSJ has an opinion below. My opinion is above, some truly spectacular multiple bottoms.
House prices fell 23% from their July 2006 peak to October 2008, the latest data available, based on the S&P/Case-Shiller Home Price index, which tracks home values in 20 cities. Mr. Zandi expects an additional 10% drop to a bottom late this year.
Yet another 4th half of '08 recovery. Yawn.