Yes. Yes it is.
Perhaps, overdue.
Anyway, per my research, market values throughout most of the Treasure Valley are continuing to slide, as of the end of the 4th quarter of 2011. The good news is that in most areas, the trend has flattened--meaning, instead of the double-digit declines we've been seeing for the past couple of years, the declines are now just in the single-digits. While this means it's not yet time to rejoice, it is cause for feelings of hope.
Giving us more feelings of hope is the feds' decision to keep interest rates low for the next few months, encourage more lending and buying for residential homes.
I'm ready to have some hope.