President Barack Obama and First Lady Michelle Obama talk in the Green Room of the White House before hosting a Smithsonian Museum of African American History reception in the East Room, Feb. 22, 2012. (Official White House Photo by Pete Souza)
President Barack Obama listens during the groundbreaking ceremony of the National Museum of African American History and Culture, February 22
LA Times: Sales of previously owned homes rose 4.3% in January and inventories fell to nearly seven-year lows as lower prices, unusually warm weather and an improving economy lifted demand.
….. January sales were at a seasonally adjusted annual rate of 4.57 million …. Sales rose in all four major regions, including an 8.8% pop in the West.
Job creation, mild weather, rising rents and increased household formation contributed to the sales gains, according to Lawrence Yun, chief economist of the Realtors group. “Things are genuinely improving,” Yun said.