Bargain hunters boost home sales in some markets
By Stephanie Armour, USA TODAY
Home prices are sinking. Banks are seizing properties from owners who can't pay their mortgages. Yet for Amber Gilmore, the miserable housing market has never looked better.
After searching for a home for more than a year, Gilmore and her fiancé found one in foreclosure. Once the bank cut the asking price by more than $100,000, the first-time home buyers eagerly sealed the deal for $230,000.
(Click on link below for full article)
http://www.usatoday.com/money/economy/housing/2008-04-16-bargain-hunting-real-estate_N.htm
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