Here's a link to a grim Barron's opinion piece written by a Florida Realtor. His argument is that we're experiencing only a remission in our housing sickness before the full-blown symptoms return.

To summarize his arguments: Banks are ill prepared to handle the foreclosure wave. The result will be a surge in unsold homes at just the wrong time. Also, many of the home buyers returning to the market this spring simply can't get loans. So they represent false hope.

I think he errs a bit on the negative side, as if he woke up in a panic at 3 a.m. and committed his thoughts to the note pad on the nightstand. The Tampa region simply has more economic muscle than this Realtor's home base in Stuart, Fla.