real estate bottom?

"There's still quite a bit further for prices to go down, even though the volume has probably bottomed out," William Cheney, chief economist at John Hancock Financial Services, told Bloomberg Television. "Prices will probably find a bottom sometime next year." Home prices have fallen 20.3% since peaking in June 2006. It is NOT generally believed that home prices will immediately start rising once they bottom. We are in deep trouble and there is NO easy way out! Todays rally was nice, but a deadcat bounce, as they say, and wont last. Batten down the hatches, its gonna be a rough year or two.