No bottom in sight for housing

Home prices to keep sliding with no bottom in sight

According to Robert Shiller "predictions for a bottom within the next year or so are probably wrong, with price declines in 2008 possibly worse than those seen this year."

"There is a probability of a continuing decline for a period of years, bringing prices in many cities down in the 10s of percent," Shiller said

"The bottom is hard to predict," he said. "I do not see it imminent and it could be five or 10 years too."