Where is the middle ground?

Is there one? A few conflicting analyses from my feed reader:

New Home Construction Rises, But Inventory Levels Still High
Foreclosure threat ominous for subprime BorrowersNAR is concerned, too
Housing market in revulsion stage
Housing slowdown nearing end, via the Real Estate Bloggers
Starts rebound, building permits at a nine-year low – this strikes me as a “good thing.”

There is no definitive answer other than that the answer lies somewhere between the extremes.  My advice? Be patient. Buy smart. Sell smart.

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