Considering Greenspan’s track record for being wrong, I wonder if the housing market is about bottomed out.
Not if governments are going to keep raising property taxes to squeeze more out of the home owner to pay for their expanding spending.
Indiana just went through a major CF of a reassessment that saw taxes go up 100's of a percent. Houses are on the market all over the place. The market is depressing, and that's just from taxes, and doesn't count all the other economic factors in play.