Although the New Deal was popular, there are many who believe that the government involvement in the ecconomy was one of the reasons why the American ecconomy took so much longer to recover from the Great Depression than other countries (many of which were harder hit) around the world.
The fact is that the only thing that will fix this problem is time ... In some regions house prices can still fall further because of how expensive housing (really) is, but in most parts of the US housing has hit a level of affordability that opens up the possibility of home ownership to people who have been locked out for over a decade; this means that in most regions we have seen (or soon will see) the bottom, and as the inventory of homes gets worked through we should see an end to the housing crysis.
