Its hard to find good news that isn't offset by bad news when we are talking about the housing market. Depending on who is offering information or where property is located, you could get both sides of the coin in the same day.
Recession information, however, is defined by specific data points that are what they are. If certain financial indicators are down for a specific length of time, you have a recession. Turn some of those around, and you don't.
So when Ben Bernanke says the Recession is Over - then the Recession is Over.
Its important to point out that doesn't mean housing values are about to skyrocket. Its unlikely we'll see the kind of annualized double digit appreciation we saw earlier this decade (and I say good!) but there are increases in showing in home equity and the drops in values have slowed so this is, in my opinion, the end of the bottom.
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