[Rational Thought]

As you well know, the key is buyers. Yet, because of Government mandated guidelines, lenders have slowed loan approvals and fundings to a trickle.

How can a housing market recover without financing? It can't.

Notice how almost all of the expert predictions keep backing off on their guesstimates of a recovery? First it was late in 2010, then the summer of 2011. Now, I see in this article where an expert is saying between 2012 and 2016?

I agree with your estimation for both new homes and resales, a decade or more.

[tired&retired]

“”As you well know, the key is buyers. Yet, because of Government mandated guidelines, lenders have slowed loan approvals and fundings to a trickle.””

The key is to get the government out of the lending business. (and the borrowing business)... One week after my mortgage was placed with Bank of America, I received a notice that Fannie May had purchased it. No bank would lend at the low interest rates for long term fixed!

[Notary Sojac]

As you well know, the key is buyers. Yet, because of Government mandated guidelines,

What is keeping buyers out of the market is uncertainty about their jobs.