BOUNCE… bounce… dribble… roll, then in the hole!
As Tiger said; “What’s par for these holes?”
I’ve only been warning of a double dip for what, three years?
The only way real estate prices are going up is at the nominal level. Real prices have nowhere to go but down as the great economic adjustment unfolds.
The big variable in price movements will be monetary debasement, inflation. Houses can go up 10x over the next decade, but that will likely be accompanied with a 20x expansion of the monetary base.