People are more optimistic after seeing positive signs the economy is recovering. The banks are starting to be profitable ( they are up to their old tricks....redecorating, bonus money etc.) The $8000.00 first time home buyer credit is working. I have had lots of activity on my listings lately.

In my humble opinion our market adjusted a bit , but we had not had the gross percieved equity jumps like most of the suffering areas now had. We had slow appreciation on modest values. A steady incline over 6 years has proven healthy for us as a market that may be reduced as the number of buyers has shrank. With FHA raising our local limits it is an indicator also of the financial markets believing in our area and values. I am very optomistic for our future growth and real estate values. We have a healthy amount of property for sale and our buyers are returning to the market.