Soft landing? How?

I don't see how Bernanke can make that prediction with this news coming out because the bad news in real estate was spread across 40 states. Considering the jobs related to real estate that were previously booming - banking, construction, material - I can't imagine how it will avoid getting ugly. With buyers sitting on the side and sellers holding firm but starting to cave in with price, this "Q4 slump" will not be finished in 3-6 months. Between this news, the record breaking increases in loan defaults which will dump even more houses on the market and the heavy weight of the war, how can this possibly be a soft landing?