No surprises there. The bottom feeders and first time home buyers are sticking a toe in the water. I can't imagine the government is going to allow that First Time Home Buyers Credit Program to expire in November, as originally planned. Without that, the market will tank again.
What the hell! Maybe the Fed can expand the program to include vacation homes and double the ante to $16K??

Plus a car in every garage, a chicken in every pot, and free maid service for a year! Hmmm. . .maybe I'll run for office.