As we move into the mid point of March I am seeing a different pulse from the past 30 months.  Maybe, just maybe, by July of 2010 I will be able to look back six months and finally say “we hit bottom”, keep your fingers crossed.

Here is a quick note from Vince Lotito with PrimeLending, INFO THAT HITS US WHERE WE LIVE:

“There wasn’t a ton of housing news last week, but one can always find a few significant items. For example, foreclosure filings in February were down 2% from January and up just 6% from a year ago — their smallest increase in four years. Most significantly, in the six states that made up 61% of the national total for February, foreclosure filings were down 15% from a year ago. We’re definitely heading in the right direction. �

Here’s a chart showing that housing is a great long-term investment, not withstanding the last 3 years.”

Inventory is getting tight, I know that many of you will find this odd with prices still showing declines and, in some neighborhoods, a For Sale sign on every corner, but inventory is getting slim in select parts of Reno, Sparks and Carson City.

For the first time ever, we are seeing multiple offers on short sales, and the offers are no longer at the bottom of the barrel.  Encouraging signs and with 16 days left in March, this month may well prove to be a bellwether month.