Is the Worst Over for the Housing Bust

From Realty Times via Yahoo.com a commentary on the recent Wall Street Journal article- "Is the Worst Over for the Housing Bust?" According to the author of this commentary,
"After scaring homeowners, buyers and sellers witless for the last three years, the financial press and stock analyst economists contributed mightily to the decline of housing in 2006,.." "...inventories have built up largely due to the shock of interest rates moving up, to a seven and a half month supply, but the steady drumbeat of print and broadcast media has had just as much of an inhibiting effect on homebuyers"
I wrote about this same WSJ article in my post quick turn around and that's what I found and find so incredible, the quick turnaround. 'The worst of the housing bust is over, economists said by nearly 2-to-1 in the latest WSJ.com economic forecasting survey'.
But the writer of this Realty Times piece goes into more detail about interest rates and this and that and picks the article apart more than I did. It's a good read. And I agree completely that the gloom & doom media blitz has had a numbing effect on the real estate market, but now, as I said 'the media just needs a new angle, because the gloom and doom angle has been worn thin, it's just not selling news anymore'. But this latest effort is lukewarm news, reported half-heartedly, and I don't expect they'll make much headway with it.