HOUSING MARKET TURNS A NEW CORNER....PRICES ARE UP

Finally... news consumers have been waiting to hear the housing market has taken an important turn...UP. For months the dismal reports thwarted leery home buyers who wondered if the market would continue to sink into what seemed to be an endless abyss. The most recent news as reported on ABC World News with Charles Gibson reports new home sales surge for the first time since 2000 up an impressive 11%.

Signs on locals levels have been noticeable as home buyers rush to the market in attempts of scooping up bargain prices on Foreclosed and short sale homes-the process often daunting and equally frustrating as multiple bids have been reported on the rise.

In areas of central Florida suchas distressed Poinciana for example- homes are receiving offers 12-18% above asking prices and getting one has become a challenge even for the most determined of buyers with good credit.

In St. Cloud Florida the homes are not selling at nearly the same rate as they have been in neighboring Poinciana but in part that may be due to slightly higher prices overall in the St. Cloud area of Osceola County.

There are still well priced homes offering opportunities for buyer looking to take advantage of the $8000 tax credit offered to First Time Home Buyers. Now perhaps more than ever, with World News reporting some good news for a change perhaps the gravitational pull of the sub prime mortgage mess may be losing its grip on the American public.