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Jon, very good question to be asking and here is what I think. I would say I am very concerned but optimistic. I am also a realist and therefore stocking up on canned goods! I know that this might sound like I am contradicting myself, but I don't think I am. People can always view that glass is half full and still be smart enough to prepare for the worse.
I hope your correct about the Spring Market, I too think there is potential for it to be better. The reason I think this could happen is that the number of Realtors has dropped so much and once there is a bottom and we begin to have some Buyers coming out, the numbers will work in our favor.