The news agency Reuters posted an article today entitled "A glimmer of light for US housing?".  The article/video points out that inventories of available homes are going down.  Also, home sales statistics have not been anywhere near as bad as economists had been predicting.

The US Senate is expected a major housing rescue bill, that has already passed through the House, and the Bush Administration has rescinded its objections (and possible VETO). 

Here is the video (posted with permission from Reuters)

Certainly good news for the US real estate market.

-Bill