The stock market was headed back in the right direction, a trend which has continued today as the european nations appear to be in better shape. The federal reserve also released a report that said it believes the housing recovery will be gradual but has a solid foundation and should prove to be 'durable'. While many markets in the east have been recovering and prices ticking up, the west has been slower to recover. So, it was good news to us in the west when markets such as Phoenix and San Diego saw modest price gains.

Many are worried that with the stimulus from the tax credits behind us interest in buying will wane but the fed reported that continuing low interest rates and modest pricing will continue along but at a gradual pace.