The housing market in the US continues to take its lumps. Prices are down, but buyers have not responded. Susan Wachter , real estate professor at the Wharton School , recently spoke about the state of the housing market in a Knowledge@Wharton interview. Wachter doesn't think we're going to see prices drop even more, but she does expect the slump to continue. She uses the phrase "bouncing along the bottom" to describe what she expects for housing as long as the recovery continues at its current slow pace.