Agents and owners have totally different points of view in this market as to the definition of a rebound.
AGENTS like Murray will say the market "rebounded" when SALES start moving upward as it directly effects their pockebooks. However, OWNERS will say the market rebounded when PRICES begin to rise as that is when it positively impacts their pocketbooks.
A sustained increase is prices is a long, long way off. Still too many short sales, foreclosures, concerns about the worldwide economey, etc out there.