Same thought came to my mind.
The reason is there are only existing homes to buy. Local governments nad envirowackos have stopped most new home development so, there are no NEW homes to buy.
The simple truth is about the interest generated by "bubble" stories. The media pump out these stories because home ownership is of interest to home owners and potential homeowners. That interest sells newspapers, magazines and viewership on TV. Sometimes these stories become self fulfilling, creating panic in those who want to sell, false hope to those who want to buy and general confusion. If the employment rate is high in a given area, homes will sell. Conversely, don't look for much in Gary, Indiana.