The point of all this? I fear so many are going to miss out on such good fortune because they're waiting for home values to fall further only to have the savings wiped out in higher interest rates. Are higher interest rates coming? Oh - most assuredly! As the saying goes, what goes up must come down and conversely, what goes down MUST also go up!
See the Washington Post article here: http://www.washingtonpost.com/wp-dyn/content/article/2011/02/04/AR2011020402806.html