There is no question that many experts believe that the heart of the recession is rooted in the problems of the nation’s mortgage market. The stabilization of housing has been seen as a pathway to recovery, and while there have been a few glimmering signs of hope, there’s still a whole lot of question marks as to whether we’re approaching a full on recovery.

Half of all U.S. households can now afford today’s median home value of $200,000 according to figures released by the National Association of Homebuilders. This is great news for the economy and for a hopeful recovery one of the worst housing slumps on record.

The California Association of REALTORS(r)data indicates that more homes are selling and selling faster while fewer homes are coming on the market. All good signs of a potential California Housing Market turn around or rebound. Or is it?

There are stories coming out of Florida and California that the market is beginning to rebound. In central Ohio, real estate has rebounded – for now.

According to reports this morning, the U.S. Federal Reserve is delivering what they promised. We are in a state of historical low mortgage rates and the subsequent refinancing activity that followed the rate decrease of the past six months is putting more money back into the economy through more usable income in the hands of home owners.

Home prices are still falling, but yet another report is showing some recovery in home sales, writes the story published in today's Cyberhomes.com. Earlier this month, the National Association of Realtors reported that sales of existing homes were up in February, and now, the trade organization's Pending Home Sales Index is showing an increase of 2.1 percent in February. But, the rise is a modest one - the index is still 1.4 percent below February 2008's level.

The number of homes under contract to sell is rising, another signal that the housing market may be regaining its footing, particularly in the light of all time low mortgage rates and opportunities for mortgage loan refinancing.

Whether the home prices are falling or no depends on who you ask and in what part of the country you ask.

There are homes available. Who wants them? No one it seems. Even the banks don't want them back. Please consider Banks Starting to Walk Away on Foreclosures.

NAR President Charles McMillan stated recently how ironic it was that in a scenario as we find ourselves in where the housing market is weak, that affordability conditions have improved dramatically.

All of a sudden the number of people wanting new mortgage loans is on the rise. More evidence we are in economic expansion, especially on the backdrop of today's Dow rally. Although we need to sustain it.

Housing and Urban Development funding is aimed at neighborhoods that are hard-hit by foreclosure to help to help 48 state neighborhoods to stabilize the situation with foreclosures.