Think housing has bottomed? Not so fast, my friend

It’s everywhere in the media: The U.S. housing market has bottomed out. The worst is over.

Well, with apologies to Lee Corso, not so fast, my friend, as this AP story from the last week indicates.

Excellent analysis, and it fits well with a growing fear among Wichita brokers and agents: Sales may bottom again if the government doesn’t renew or expand its tax credit program for homebuyers.

We’ve talked a lot about the fundamental strengths of the Wichita market – pricing, inventory, values.

But, I have my doubts that this market is ready to breathe on its own.

Your thoughts?