This chart from PaperMoney allows you to see not only the past trajectory of housing prices but also the future movement as projected in the futures markets, where the Case Schiller index is traded. Note that this snapshot, taken on October 14, shows a significant recovery in housing prices as estimated in these futures contracts. Good luck to those speculators! From the link above, you will need to check the date-boxes for the futures contracts at the bottom of the page, then update, in order to see the anticipated future prices.
