The real-estate market is about to either take off or collapse

The real-estate market is one of the most important parts of the American economy.
And there's a lot of disagreement about where it's going next.
Housing is one of the largest sources of wealth for Americans, it drives other parts of the economy such as consumer spending, and the credit given out for mortgages keeps many financial institutions profitable.
Given the housing market's importance, economists and analysts spend quite a bit of time trying to figure out where t