I would say that if we look at our numbers, it looks like our market (here locally Palm Springs and the area) we are doing OK…Yes we have a larger number of sales, yes prices are low but not catastrophic and yes there is demand. But again we are in a resort  area, this is our season and of course a large number of buyers from Canada made it happen and still will I think until way into the summer!! (they think and maybe they are right that the prices will drop in the summer). So nationwide not looking good ….but here I cannot complain I did not have less sales this year so far than the years before and still quite a few up ahead coming. This is shown in the NAR (National Association of Realtors article posted in the “real estate news” page on my website :  http://www.claudinereal.com/Real_Estate_News.htmIn our area we might have already touched bottom and we are slowly readjusting. I am seeing for the last two weeks US buyers , though still shy, attempting to get back in the market and understanding that writing an offer will get you the best price and not just looking at the listing prices. The interest rates and the Jumbo loans limit up lifted is certainly making it more attractive to buy. Waiting for “a better” opportunity and timing might just put you there where we were a few years when all the buyers “woke up” at the same time and got into the market at the same time and create “the bubble”. Browse the site and look at all the listings is country clubs in the area : http://www.claudinereal.com/Country_Clubs.htm  I would love to read your comments.