Apparently there's a small glimmer of hope that the residential market may be starting to turn. There was a tiny drop in the number of days that existing houses were on the market. Between January and May the average days a house sat on the market was 89. Last year during the same period, a house sat on the market for 100 days. This 11-day difference, according to a real estate broker, indicates that the market will improve in 2 years. Of course with a turning radius like this, it resembles the Titanic, which didn't turn in time and sank.
Here's a link to the Denver Post story about the housing market turn-around http://www.denverpost.com/business/ci_9556442
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