I love reading old papers–it’s easy to see how even the best minds are occasionally wrong. The WSJ headline was from May 26, 2008. In retrospect, we had a bit farther to fall, and the crisis was just getting started. The editorial predicted the bottom of the housing market was 2008. It seems that we may now be at the bottom of housing prices, a year and a quarter after the article was written. Market timing is very difficult to predict, but there are great buys out there. And, don’t forget about the 8K first time home buyer’s credit.