When everyone is cutting back, putting off and holding back it seems a bit unrealistic to expect the economy to magically begin to expand. Something has to ignite the hum of movement. 
From my perspective I'm seeing energy and confidence building on my little peninsula of the world. Sparks are beginning to fly from the housing sector.
The national housing numbers are up, and based on my month of March I believe the numbers for this month will show a definite increase in sales. I've encounter multiple offers several times this month, and have more than one first time buyer losing hope of snagging a great deal on a foreclosure. They are beginning to wonder if they missed the wave. Bidding wars are breaking out and the bests deals are going over asking price in several areas. No doubt about it the first time buyers are adding much needed fuel to the economy.
Showings are picking up on my listings and the battery on my cell phone is getting a good workout from buyers again! The media will not pick up on these indicators for a few more weeks---escrows must close, numbers must be crunched. I have no doubt many sellers and buyers will wait for a formal consensus the market is moving toward recovery. My proof is in offers written, listings taken, buyer calls, number of showings and escrows closed. They are all up.
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Norma Toering & Team RE/MAX Palos Verdes Realty
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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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That's great news Norma, I hope we can have a strong recovery without the boom and bust craziness.
Wanda - That may be asking for too much--real estate is one of those roller coaster rides with all the thrills of the ups and downs of the cycle it runs.