VALLEY HOME SALES CONTINUE GROWING

For the week ended January 28th, 2008, we are up again. Sales of SFH homes valley wide came in at 863. That is a 7.7% jump from the previous week of 801 sales. It was the best week of sales since June 18, 2007. This is awesome. Things are improving. It is not the end of the buyer's market, just a return of demand to the market. I look forward to pushing through the 1,000 mark and would love to see 1,200-1,400 in sales per week. Those numbers would be more "normal" for what we expect in our market. This new week is already looking even stronger, but with FBR Open and SUPER BOWL, I don't expect that to last.