This has been a very slow week in the real estate market.  There seems to be lots of news, soem good, some not so good.  Our leaders in Washington have passed new legislation that is supposed to stimulate the economy.  There is also a new plan to stem the tide in foreclosures.  While foreclosures are not as much of a problem in our local area, the abilty to refince homes at attractive rates should help firm up housing prices.

I have updated the absorption rates in our area and in general the absorption rate has stopped increasing significantly.  The number of short sale home and vacant homes available have declined as well.
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