US house prices approaching fair values

Should the US house prices now find realistic, fair levels? The Business Insider thinks so in it's news post. Should this really be the case, this signal would be most important as it would mean that banks can model realistic values again. Based on this there would be much more trust into their balance sheets. This is of greatest importance for the economies and for valuation of banks, too. At the same time house prices could in the medium term develop again from this new baseline. Let's keep fingers crossed that the authors are right.