Housing-Time to Buy?

This is a great article on the background and outlook for residential housing. As the author states, who would have believed 5 years ago we would still be mired in a downward trending real estate market? Yet- here we are. The prices in many locales may have finally cleared so that a bottom can form. Affordability is certainly higher now and the demographic trends,on both ends (household formations and baby boomers downsizing) are positive.