The non-financial mainstream media is really having a hard time dealing with recent revelations that what they thought was a leveling out in the nation’s housing market was simply a sugar-high from the homebuyer tax credit that has recently expired.

In places like near Arizona where massive bubbles burst in recent years (and where the video above originated), the population is probably convinced that they’ve seen the bottom, but with so many houses yet to hit the market, they are likely in for a big surprise.