The Housing Market Stirs

The housing market is stirring in California and in the Northeast.

The recession has brought down prices, combine that with lower interest rates and a tax credit to new home buyers and voila.

Jobs and the housing market are key to an economic recovery. A piece of the puzzle is showing some signs of life.

Reuters: Pockets of strength push US housing market rebound

Sharply lower prices, record low mortgages interest rates, and the government's $8,000 tax credit for first-time home buyers have been the key to increasing home sales in California.