Here is a good summary of what is currently taking place in the real estate market from KCMblog.com.

Everyone wants to know if the housing market is truly showing signs of a recovery. There are conflicting headlines every day. One day, we hear sales are up. The next day it is reported that prices are down. Is the real estate market coming back? The answer is ‘yes’ and ‘no’.  Read further: http://www.kcmblog.com/2012/03/13/is-the-housing-market-actually-recovering/