Grasping at any positive real estate news.

In the Inland Empire, by far the lion's share of home sales are foreclosure or distress related. Of late, we have noticed many bank owned properties being re-listed at cheaper prices and some are selling quickly at or above the new list price. In some cases, nice homes are moving with multiple offers. So we were pleased to read this recent story confirming the street buzz and anecdotal evidence that sales of homes are moving at a faster clip. The New York Times recently cited as much reporting on the National Association of Realtors report in the following story: http://www.nytimes.com/2009/01/27/business/economy/27econ.html?partner=permalink&exprod=permalink