The economy will improve some more, and so generally will real estate.
However, there are some structural shifts that have occurred in the economy. There have also been structural shifts in real estate, plus you have the periodic demographic shifts.
So: Some moderate improvement over the next few years. But within real estate, you're likely to see some areas of real strength and other areas of substantial weakness.
Add into that mix geographic shifts and patterns. Some areas (perhaps Detroit, for instance) just aren't going to come back to the way they were. Other areas (some in the Southeast, for example) will have above-average growth.
Hope that helps.