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No

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The decline of the housing market has historically lasted from one to two years, this does not necessarily mean that the housing boom would start over after that, increases would steadily go from 2% to 5% for many years and then the housing bull market would arise once again.

This current decline will be affected by many factors, interest rates, economy strength, consumer confidence, currency strength and maybe the alignment of the sun with the moon. All of these factors would eventfully interact up to the tipping point of the market. (For those of you that have read the book from Malcolm Gladwell)

My guess is that the housing market will slowly level out by the beginning of 2008 and will pickup 2%-3% by July of 2008.This would occur with the economy rising due to a weaker US dollar, exports would rise, Americans would have more money and the consumption of goods a services would rise once again. Of course, if we all use the power of attraction, I would maybe consider changing my article to a YES.

Unfortunately, having the housing market crash is always good for the people that have money, once again, the rich are getting richer and the poor are becoming homeless.

Yannick

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