>The market reacted enthusiastically to the half point interest rate cut by the Fed yesterday but it's going to take more than that to set our real estate market back on a merry course. Housing slumps are much rarer than stock market slumps but they also last a lot longer. Years, generally.

Yep. Given Marshal's business, we really notice both ends of the housing cycle.

FWIW, housing was way down in this market way before the subprime stuff hit.

Tamar