Where do you think the market is headed?

[Simon Shih]

I've been reading the Houston Business Journal and I'm reading articles that say we are headed for a real estate downfall, and some that say things are fine. Oil and gas are still down and we still have no idea when it might recover. Layoffs are still happening. People are spending less. The rental market in Houston is down, but my friends in the oil and gas maintenance field are as busy as ever. Any comments on where we might be headed? I'm specifically in Houston, but I welcome comments on a housing market as a whole also.