The housing bubble won't be coming back

According to The Business Insider, "house prices may never recover":

House prices will eventually stop falling, probably in about two years. But will they ever recover to the levels we saw during the heights of boom? In some areas, prices might climb that high again. But for most markets, such a recovery will probably never happen, and would take decades it were to occur.

On the whole, I have to agree with this in inflation-adjusted terms. In nominal terms, it will take decades (plural). To make things simple, I will define "never" as within our lifetimes.