Early birds of spring?

The Wall Street Journal reported "[e]xisting-home sales rose 5.1% in February." Though prices continued to fall, this may be a very positive early sign. Home resales and new construction also rose at the same time. While this was concentrated in the townhouse and condo market, home construction and sales reach very deep into the economy. All require lending, meaning that the credit markets may be thawing.

According to Stratfor, these early signs may help fuel a longer-term turn-around. It's no where near time to start popping corks, but we may be seeing the early birds of spring.

Along those lines, the early bird registration opened for both HRO and FAO Summits. Register now and receive an advance copy of The Recovery Starts Now: Surviving the Recession & Preparing for the Recovery.