I disagree with your assertion that the market is just soft. It’s pretty clear that there is not enough buyers at these prices; there are plenty of sellers. Unless prices come down 20-30%, the sales will remain anemic. Real estate professionals will see their income deteriorate more. This is not your 2001 recession; this one will be long and deep, with no quick recovery in real estate prices. My prediction is that sellers will remain in denial for another 6 to 12 months at which point they will capitulate. We will see prices come down 20% by next summer.