Buyers are taking advantage of low interest rates, lower prices, short sales, foreclosure and 3% down FHA loans

More august 3 2008 Quotes

Existing home sales were up 5.5% - the highest since August 2007. Buyers are taking advantage of low interest rates, lower prices, short sales, foreclosures, 3% down FHA loans and the new loan limit up to $729,650 until the end of 2008 only. Starting January 1st, 2009 that limit will be reduced to $625,500