I thought you all might find this information very useful, as homes prices are getting very affordable, and sales are picking up nicely... lets hope this helps the economy come back up sonner than expected. Maybe by end of 2009?

Info from the California Asociation fo Realtors web site

For release:
Thursday, Feb. 26 2009


Quick Facts:
· Existing, single-family home sales increased 100.8 percent in January to a seasonally adjusted rate
   of 624,940 on an annualized basis
· The statewide median price of an existing single-family home decreased 40.5 percent in January
   to $254,350
· C.A.R.'s Unsold Inventory Index was 6.7 months in January, compared with 16.6 months in
   January 2008 
· The median number of days it took to sell a single-family home was 49.9 days in January 2009,
   compared with 70.8 days in January 2008

C.A.R. reports sales increased 100.8 percent; median home price declined 40.5 percent in January

thank you,

Gustavo Torres

San Diego Realty, Inc.

www.Californiaforeclosuretour.com