How close is housing market to bottoming out?

DEAR BENNY: When do you see the bottom of the real estate market happening? When do you think we will have appreciation again? What is the best way to buy REO properties? --Tom

DEAR TOM: That's the $64,000 question. In an answer to another reader, I said that I now have two crystal balls on my desk, and they remain cloudy and uncertain. Honestly, your guess is as good as mine. As you probably know, not every community in the United States is facing housing problems; I have been reading that in some parts of the country, real estate sales and prices are strong.

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