Home Sales Figures Offer Glimmers Of Hope

Acceptance of lower prices by sellers could indicate bottom is near.

Dark clouds are still looming ominously over homes sales in 25 large housing markets, but a silver lining is starting to shine through, especially in California. That's according to data released Thursday by Radar Logic, a New York-based data provider.

The good news-bad news numbers indicate that California homeowners who are not under severe pressure to sell are nevertheless starting to accept lower bids. Such sales are considered vital before local housing markets can find their bottoms. Owners who fit this description include those who are neither in possession of foreclosed properties or face severe pressure to sell from the home's mortgage lender.

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