bottoms on housing

The graph below shows the drop from the top in value for housing according to case/shiller. This along with the new home sales/permit and start data really show the bottom is close if not achieved. Now the real question becomes how long does it take to bring employment to a reasonable level which then will translate into reasonable sales and moderate price increase in housing. In the near term the next 6 to 24 months will represent the "best" time to invest in real estate coming from the low rates and the constriction's on financing