For the first time since last July sales of existing homes rose 2.9%. It could be the first sign that we've hit bottom and things are beginning to turn. Especially if you're a home seller. Prices of homes are simply too low for some to ignore! Sales were still down in the west by 1.1%, but the midwest was up 2.5% and the south up 2.1%. What carried the overall national number was the northeast with double-digit gains of 11.3%. This is the best time to buy if you're a buyer when things are at or near the bottom. Pierre Ellis, Senior Economist for Decision Economics said "the housing market seems to be giving the first indications that [the economy] is stabilizing at least in terms of home purchases. A Today show report stated other economist caution that sales of existing homes across the nation are still down 23.9% when compared to last year. Some say the the free-fall may be over.

Sellers who price their homes right will be the beneficiaries of the early signs of the housing recovery and buyers won't miss the boat if they step up from the side-lines and buy the home they've been considering.