article identifies the cause of the greatest recession since the Great Depression as “our nation’s over-leveraged, over-valued position in housing.” It is a sobering viewpoint that it may take some years yet before we work out of the down housing market. One key factor is “Shadow Inventory” and its impact once these homes hit the open market. Summarizing the article, it could be some time before we see a rise in home prices, interest rates are likely to remain low, credit will be tight and qualifying for a home loan will be a rigorous process (particularly difficult for the self employed) and buying opportunities will be plentiful. Keep in mind that our regional economy is probably one of the strongest in the nation. That bodes well for us in the short and long term.