[AFireInside]

I never trust anything a real estate company says about housing prices or stats, they are always going to skew them to look positive. The housing market has been positive since 2006 according to them it's always a great time to buy, even though prices have been declining. Re-Max will NEVER EVER say that it's a bad time to buy, and neither will a newspaper, because they get ad revenue from real estate.

No matter what is happening the housing market ALWAYS picks up during spring, this is a sure thing. So sales increasing Feb to June is normal, it is not an indicator that the housing market has recovered.

In my opinion this fall is going to be a good indicator. I think prices will decrease a lot by November, but who really knows in this city.

Sales have increased in the past couple months. However, looking at the stats daily, a month ago there were more sales than listings, over the past 2 weeks or so that has begun to switch.

They say you should watch the stock market, etc to get a good indicator where housing prices are going to go. Plus it's going to be interesting to see how these layoffs (many of which haven't impacted the housing market yet) are going to impact prices.

I'm also interested to see what happens with those people who purchased houses, because of the low interest rates. They may get screwed when the interest rates continue to rise and they have to renew in a couple years. If they are already stretched thin they will be in trouble.