Buying a piece of American dream
Today's homebuyers are turning someone else's economic nightmare into their American dream. Gregory J. Wilcox in the Daily News.
And while there are not many buyers in most markets, they share a common trait: tenacity.
They are striking deals in a market with a distinct yin - record low sales - and yang - soaring foreclosures that are pushing supply up and prices down.
Some are buying their first homes after meeting the tightest credit standards in years. Some properties are attracting multiple offers again, and selling for more than the asking price.
Does this mean that the long, steep slide is over? Probably not.