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It seems that there are indications pointing to a housing recovery. Here is a good article I found at realtor.org. There is some positive information here projecting rising home sales in 2011 and modest increases in prices in 2012.
Pending Home Sales Continue Recovery, Gradual Improvement Seen In 2011
Washington, DC, December 30, 2010
Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of REALTORS®.
The Pending Home Sales Index,* a forward-looking indicator, rose 3.5 percent to 92.2 based on contracts signed in November from a downwardly revised 89.1 in October. The index is 5.0 percent below a reading of 97.0 in November 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
