If you look at the supply side, I'd have to say yes! Only took 6 years to finally bottom out, but it looks like housing is slightly recovering:
Oh, but wait! There's the other side of the formula - demand.
And with unemployment still high, fresh college graduates and yoots who tripped over their own slobber to vote for Obama crushed under student debt and no disposable income, not to mention ever increasing property taxes, there is a fraction of the demand as there was previously. I sincerely doubt there will be "booming" property prices...at least until the presidential election is over and people WITH MONEY have genuine hope in the future of the country.