Two years ago, housing appeared to hit bottom.

两年前，住房市场似乎已到达底部。

A 16.8% plunge in housing starts in January suggests no bottom is in sight there.

1月份，房市下跌了16.8%，这表明房市的下跌还没有到头。

He doubts the housing market will bottom out until the first quarter of 2009.

他预测，住房贷款市场直到2009年一季度都会走低。