There are quite a few questions that one has to wonder about from the "Upturn Signs" in the housing market ...
60% of home-builders have seen an increase in sales from the previous year but there is no discussion on how much of an increase in sales this represents, whether their increase could be at the 40% of home builders who didn't see an increase, or whether enough home builders have gone out of business that their sales have shifted elsewhere.
Beyond that, bouncing off of the low may be a sign that people are not acting on panic as much and are buying homes with a 10 year outlook on their purchase ... after 10 years of mortgage payments and inflation it is unlikely that house prices will fall enough to make someone lose money after house prices have fallen so far
