Here's probably something you have not read in the paper or saw on the TV news.  Homes are selling in Turlock CA!  Here are some facts:

Pendings:   March 07 -  55            April 07 -  45

Pendings:   March 08 -  77            April 08 -  79

Sold:   March 07 -  51          April 07 -   48

Sold:   March 08 -  77          April 08 -  47

While the sales havent seen a huge increase the number of homes under contract has.  These are homes that will probably close in May or even June. 

Another big difference is the amount of months supply of homes on the market in Turlock.  In April 07 there was a 12 month supply of homes on the market and now in April of 08 it is down to 4.6 months.  The homes that are really starting to sell are the ones that first time buyers can now afford, the ones they couldn't qualify for 2 years ago.  There are a lot of well priced , clean homes out there now.  If you want to search for homes for sale in Turlock go to http://jpattonhomes.com/Turlock_CA_homes_for_sale.shtml .