This week a Realty Times article provided some insight into a rebounding market. Here are the highlights:

*Pending home sales rose sharply, by nearly 7 percent, in the last month measured by the National Association of Realtors.
*Pending sales were up in all four major regions of the country—and that caught the attention of some key industry economists.
*Orawin Velz, economic forecaster for the Mortgage Bankers Association, said in a commentary that "the steady improvements in pending home sales are encouraging," and confirm the view that existing home sales hit their cyclical bottom in January and are likely to continue to rise in the coming months.
*Since the January low point, she noted, the Realtors' pending sale index is up by 13 percent.
*Mortgage rates continue to be favorable, an average of 5.3 percent last week for 30 year fixed rate loans, 4. 8 percent for 15 year fixed, and those rates are pulling in growing numbers of home purchase loan applications.
*According to the Mortgage Bankers Association's weekly survey, new applications to buy houses increased by nearly 7 percent in the week ending July 3rd.

Real numbers for Utah County—
Active Sellers in Utah County
June - 2009 4442
July - 2009 4378
Down by 1% in one month (good news)

Active Buyer's in Utah County
June - 2009 883
July - 2009 1055
8.4% increase in the number of active Buyers in one month (good news)