As far as a market that has as many buyers in houses as existed in 2006, forget it. That was a statistical anomaly created by lending standards that should never return. A lot of people got burned by the stock market crash in 1929 and never returned to buy stocks gain. It is likely that a lot of people who having lost a house to foreclosure will never return to buy another house. Some from bad credit, some from not being able to really afford it, and some from being bit to hard to try it again.