Got a similar report in the Dallas Morning News from the board of realtors. Median price up significantly, blah, blah, blah. However, I have seen losses from 5-15% after September 11. Yes, values appear to have stabilized, and yes, builders are selling homes. However, numerous builder homes still remain on the market beyond normal selling times and prices have been cut significantly to move existing inventory. Spec homes are not what they were last year. Today, I did 5 inspections, 3 of which were foreclosures.
So, in spite of the rose colored glasses, I'm still seeing things half-empty, not half-full.