Relying on anecdotal evidence, The Washington Post is running a piece that is suggesting that the real estate markets are bottoming and the light at the end of the tunnel is not a freight train. This piece of cheerleading fluff does nothing but further erode the declining credibility of what was once one of the nation's leading news outlets.
The math and historical trends show that the bottom is no where in site, but why pay attention to the math, when you have anecdotal evidence? The article even seems to pay lip service to the recently received March housing statistics before dismissing them in lieu of anecdotal evidence.
Overall, I find this headline, "Housing Data Could Signal If Bust Is Over", from the Washington Post to be highly irresponsible.