As our week-long Spring Realty Check draws to a close here in Chicago, I’m struggling to come up with a fundamental conclusion.

The trouble of course is that the Spring season isn’t over, and the housing and mortgage markets are facing so many unknowns that any conclusion would be ridiculous.

The one thing I can surmise, after talking to real estate industry types from Boston to Seattle and in between, is that housing is not roaring back right now, and may in fact be double-dipping,

We’ve already seen home prices take a turn for the worse again, but sales seemed to be picking up in January. Unfortunately that may have been short-lived. While all real estate is local, the sales numbers are not encouraging. RE/MAX just reported February home sales down 3 percent annually.

“This is the first time in four months that the year-to-year sales difference was not better than the previous month,” according to the report. Sales were up month to month, but not by much.

New construction isn’t faring much better. The home builders reported a slight tick up in sentiment this week, but that was all based on future expectations, not current sales and traffic.

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