Set aside the Fisher Formula and what have you and consider this. While the markets and the economy may be on the brink to head into recession, the silver lining, and it's a big one for it directly affects the forces causing today's havoc and headaches is that interest rates, short and long term, will go down. Lower interest rates mean increased demand for housing, which might not necessarily "save" the housing market, but certainly could make this spring at least "better" than it has been. Not to mention if rates decrease enough, a smaller "refinance boom" might occur as people take whatever steps they can to tighten their finances.
Regardless, sorry for the lack of posts, but it's that greatest time of the year;