I just got back from a few days in Arizona (see my pictures on my facebook page) I could not get away from the snow. I spoke to many realtors in Phoenix and the impression I was left with was the market is changing. Inventories are down and prices are starting to recovery. See the inventory levels on my web page under about tab buying in Arizona. There was an article in the Arizona Republic by Catherine Reagor talking about mortgage relief and I think this will further reduces inventories on the market.