I'm not sure, but this is encouraging:
A trade group report today on sales of existing homes is expected to show selling increased slightly in January. The increase would mark the second straight month of improvement from November's record low.
Sales are expected to rise to a seasonally adjusted annual rate of 4.79 million units, from 4.74 million a month earlier, according to economists surveyed by Thomson Reuters. The National Association of Realtors' report is due at 10 a.m. EST.
UPDATE: OK. Maybe Not.
The pace of sales of existing home fell in January to a 4.49 million-unit annual rate while home prices and inventories dropped, the National Association of Realtors reported.
