Media attention to the housing market is beginning to take a more positive spin. This may be due to the fact that we are all looking for a market floor (i.e. bottom) and trying to interpret the most recent series of activity reports. These reports are beginning too show positive signs that the housing market is getting better or at least not getting any worse.
Home sales for February were higher then last February. These sales were up quite a bit for the Western US, 24 percent. Also, in some of our worse performing markets such as San Diego and Orange County, list prices are beginning to creep upward. A sign that these markets are levelling off.
Government programs to help banks with troubled mortgage assets has been positively received by investors causing a rally on Wall Street.
It's still too early to call, but like spring, signs of life are beginning to appear around us.
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