Interest rates are sitting at lows in the 3-4% range and housing prices are 20-50% off their all-time highs, yet real estate buyers are still on the sidelines. An argument can be made that the economy with upwards of 10% unemployment is the key reason for the slump. Being the optimist, I see the employment (not unemployment) rate at 90% and some great buying oportunities. My question is why do you think the housing market is still so soft? OR is a recovery just around the corner?