It is not starting to come back in Ohio.  I would guess we are looking at 2009 at the best for things to stablize here.  Housing prices are flat and will probably stay that way for a good time.  There are too many houses on the market, and too many of them are coming out of foreclosure.

The rates are low, but the lenders are finally requiring good numbers to advance loans.  It may be the media that is slowing things in Florida, but up here it is reality.  We had a bubble for the last several years and will have to pay the price.  That said, there are some nice opportunities for folks with a long time frame and plenty of cash.  Real estate comes and goes, and we have been pretty spoiled for the last ten years or so.