It’s been a long and very cold winter.

Has spring brought a thaw? I am not so sure. Banks are still very clingy with their cash (not that this is a bad thing), some sellers are still in denial, and people are still nervous.

I read a great article that might shed some light for the future. The arguments seem to make sense. My gut – housing is still softening, will eventually bottom and base there for a fairly long time.

Read this:  http://www.bloomberg.com/apps/news?pid=email_en&sid=aiiT.sNeq2YQ