The experts are saying there are still some dark clouds on the horizon. The First-Time Homebuyer Credit did not put any long-term stability in the residential market. Now that this stimulus is over, this market is probably headed south by double digits.
The commercial market is beginning to show some serious bad signs as well. My concern is that the bond market will soon crash. If/when this happens, interest rates will head upward, causing real estate prices to go down in order to maintain affordable monthly mortgage payments.