Nobody knows, and any prediction is unreliable. However, I will go with 5-7 years or so. So much has to happen before properties will again begin to appreciate in value. Foreclosure inventories need to be whittled down, employment has to pick up, salaries need to start rising again. So much negative inertia to be reversed. It's like turning an aircraft carrier around. It will happen, but it will take awhile.
Century 21 Joe Tekula Realtors
201 Route 10 East
Succasunna, NJ 07876
Phone (direct): (973) 584-4235
Coolest map-based home search: http://www.marcpaolella.com