QUOTE (NorthSideSox72 @ Jun 3, 2011 -> 09:25 AM)
Looks more like 2015 to me, to get back to a 2007-ish or early 2008-ish level, which is what I'd consider "normal" levels. But yeah, its a few years off to get to that point. Just keep in mind that they don't necessarily need to be all the way back to normal for my predicted events to occur. With the huge drops in new homes being built, and continued population increase, the level at which the surplus becomes very low can come pretty quickly, and the demand side will increase as I noted earlier.
The uptick I mentioned likely won't happen this year or next, but some time in the couple years after that I think the likelihood starts to go up pretty quickly.
This is more or less what the realtor we were working with late last year said.