FINALLY, SOME REPORTS ON HIGHER SALES OF HOME

It is so nice to finally see some real reports on how much the home sales have jumped recently. This report shows home sales in Arizona are up 50.2%. Prices are down, but sales are up. We need demand to take over before we see price increases. They are coming soon, well coming now in some areas. Below is taken from the article quoted after this quick quote, there is a link to the whole article at the end.
Just my opinion...Jeff Cameron
The largest sales gains were seen in some of the hardest hit areas. Nevada was up 116.8 percent from a year ago. California was up 80.6 percent. Arizona was up 50.2 percent and Florida was up 25 percent.

First time homebuyers taking advantage of foreclosures and short sales

Lita Epstein
May 12th 2009 at 10:00AM

About half of all home purchases in the first quarter of 2009 were first-time home buyers taking advantage of the deeply discounted foreclosures and short sales, as well as their $8,000 tax credit, according to the National Association of Realtors (NAR). NAR released its Metropolitan Median Prices survey for the first quarter today.
read the rest of the story: http://www.dailyfinance.com/2009/05/12/first-time-homebuyers-taking-advantage-of-foreclosures-and-short/