housing rebound by end of 2007

Here's an uncharacteristically sober prediction for housing in 2007 from David Lereah of the National Association of Realtors, from MSNBC.com
WASHINGTON - Next year will likely bring a second annual decline in existing-home sales, the National Association of Realtors predicted Monday.
About three-quarters of the country will see a sluggish expansion of existing home sales next year, Lereah said.
The health of housing markets across the country will vary, he said, but “general gains in value next year will be modest by historic standards.”
Read it here Drop in existing-home sales seen for 2nd year