US housing market may have turned pivotal corner

63110.com

The coast-to-coast fire sale in the U.S. housing market appears to have caught a bit of a hold.

From Reuters

Home prices are the lowest in six years and still falling. And yes, it still takes three quarters of a year to sell a house.

Nevertheless, the market may have turned a pivotal corner last month, if a surprising increase in existing home sales is any guide.