According to AP writer Martin Crutsinger in his article entitled "Home Sales Rose, Prices Fell in February":

"Sales of existing homes posted an unexpected increase in February...
The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. It was the biggest increase in a year."

Great news, huh? Well, all except for the fact that in February, the median existing home sales price fell to $195,900. That makes the drop the "largest year-over-year drop on records that go back to 1999."

Given our size, population, and amazing prosperity as a nation, it's no wonder international investors are seeking property here in the states while prices are dropping. Especially after news today that the US now ranks only 22nd of the "most stable and prosperous countries in the world".

I said it in my last post about purchasing rental properties and will say it again, it's no wonder why those international investors are seeking property in the US. It is the time to buy.