There are market elements to the US housing market, but there are also huge central planning elements. It is hard to make predictions in this environment. Furth

There are market elements to the US housing market, but there are also huge central planning elements. It is hard to make predictions in this environment. Further interventions may become politically palatable at any time. Who's to say what may happen? Interventions become more probable as public perceptions of a decline increase. It isn't enough to look at the stats. Second order effects such as intervention and public sentiment have to be considered. The political economy may be more relevant than underlying market fundamentals.