Well in the foreclosure department anyway. Although it is a weak sign, i think it is the start of more positive news, i.e. there is a buyer for the muck now as it represents value.
Extract from cnbc website............
"In economic news, existing-home sales rose 3.1 percent to a 5 million annual rate, the highest level in five months, as discounts lured buyers, the National Association of Realtors said. The national median existing-home price dropped 7.1 percent from a year earlier to $212,400.
The rise in home sales was an encouraging development, that some buyers are willing to take a chance on this battered market. But curb your enthusiasm: A lot of the sales were of foreclosed homes."
