Housing Bottom Joy

An udpdate on the media's housing bottom. The chart below shows subprime loan resets ending and never to return:

The next update shows us where we are in the real world. The chart below shows the Option A loan reset/explosive time bombs set to detonate:

Supply of homes on the market has now fallen to 7.5 months, again showing signs of a housing bottom. However, what is not accounted for is the foreclosure inventory sitting on the banks books because they do not want to take their write downs: