Is any body seeing light at the end of tunnel?

In some areas yes, in others, no. Areas that were hardest hit like in the central valley probably have some more pain to suffer, whereas areas like San Jose or San Francisco are more stabilized. If you are thinking of purchasing, it may still be a goo idea to buy a home even if we are not at bottom yet. The low interest rates make buying a good choice if you are looking to buy a home to live in and not necessarily as an investment.