Tony-

Glad to hear of the market making progress back in Utah.  With Countrywide's credit rating teetering toward Junk status and several million homes still facing prospects of short sales or foreclosures, my guess is that the turn is still somewhat out in the future. 

One important positive note- in the past 40 years of market dropoffs in California, it seems like the recovery time is brief and v shaped as opposed to saucer like and a long, slow ride back up.  No one will ring the bell when the market turns (unless your blog just did) but my hunch is we will all be seeing it in the data 30-60 days after it has happened.

hi doug

you saw through my posting - this is the start of the turnaround - i agree that there are some factors that are real and that we have not seen the end of the consequences of those realities - but i also feel stringly that the media have a lot to do with creating an overreactive environment.

this is the start of counteracting that - the facts are true - it is up to us to see them for what they are

the next step i am taking is a positive upbeat newsletter to my data base this month - good luck!!!