Will Housing Lead the Recovery?

Prices have started to go up over the past several months. Is this trend sustainable? I would like to be optimistic. I also think housing is the engine for economic growth but there must be work, there must be jobs, and there must be confidence.
Be careful of statistics, after all if you had a penny and you earned another penny --- you had a 100% increase. But you still had only two cents!
Do I think prices have bottomed out? Yes. In some markets, prices bottomed out last year! What is your local market doing?? In Charlotte, there is only a 2-month supply of homes on the market. Are prices escalating --- yes.