Unlike the conventional wisdom, buyers are still buying in today's down market. The following is a list of home sales in Chino Hills, Phillips Ranch and Diamond Bar in February 2008 using MLS data.

When I ask one of my clients why is he buying in a down market, he told me that as long as he can enjoy living in his house and is not selling it, he doesn't mind all the ups and downs.

Also, due to the recent price decrease, the "Entry Level Housing Affordability Index" in California went up from 25% to 33% in a year according to California Association of Realtors. Combined with low interest rate and a large selection of houses to choose from, buyers are enjoying finding their dream homes at a more affordable price.