The Housing Market? Yeah, It's Still Really Bad..

Early 2010 Housing Stabilization Fizzles; U.S. Homes Set to Lose $1.7 Trillion This Year

Despite the housing market’s strong start to 2010, the latest data from Zillow shows that homes will likely have lost more value by the end of the year than they did in 2009. Using our housing market data from the first 11 months of the year, along with some forecasting for December, our research arm has calculated that U.S. homes are set to lose $1.7 trillion in values during 2010. That’s 63% more than the $1 trillion lost in 2009.

Since the peak of home values in June 2006, more than $9 trillion in values has come out of the housing market.
And:
For starters, not every market we analyzed saw a drop in total market value. Places like the Boston and San Diego metropolitan statistical areas (MSAs) actually saw an increase in total market value. It’s important to point out that most of these gains were made in the first half of the year, before the effect of the home buyer tax credits wore off, but an increase still represents good news for homeowners.

The housing market is continuing to hemorrhage value (it's overinflated, imaginary value, that is..), and will continue to do so, as its ties to American banks and the whole global monetary system is unsustainable and will crash, sooner than later. The housing market, Ireland/Portugal/Eurozone Crisis, China controlling our debt, and whoopsie! Derivatives is more than enough firepower to insure that, after the crash, nothing will ever be the same when it comes to local, national, and international finance..