Existing home sales rise as inventory and prices fall

January 27, 2009 by Shawn Stagg · Leave a Comment 

Could this be some good news!!
Sales of existing homes posted an unexpected increase last month, as sales of bargain-basement foreclosures in California and Florida boomed, closing out the worst year for the U.S. real estate market in more than a decade.
Analysts, however, cautioned that prices are likely to keep falling through 2009, and said the [...]