Early spring saw the leftover of the government program, so its not a good indication of the true state of things. There needs to be a bit of time to unwind from the governments interference with the housing market to really get a good read on the true state of the industry. We may even have to wait until October to get real data.
Looking at the sales numbers across the country is a factor in determining how the market is really recovering. Many are still waiting to buy a home to find out if mortgage rates are going fall even lower than they are. The experts are saying if you want to buy a home now is the time. The rates may not go down they may start climbing back up.