More bad news?

Sure. Here you go.

"The market is still dominated by distress sales and bargain hunting, DataQuick President John Walsh said.
Median prices dipped 9.9 percent from December to $338,000 for all types homes, including condos and townhouses, the fourth straight month of decline and the largest dip on record. That's up from a low of $290,000 in March 2009, and down from a high of $665,000 in June and July of 2007.
Foreclosure resales are at their highest level since last February. Investors and first-time buyers were snapping up lower cost homes over the holidays, with many transactions closing in January, helping push the median price lower, DataQuick reported. For single family resale homes only, prices increased 4.2 percent,, countering the drop in other types of dwellings"


What is the silver lining behind this? That there are still buyers out there purchasing. I think the ultimate gray area is here in bay area real estate. Prices aren't going to rise dramatically or droop dramatically. Simply house that should have never sold in 2003 are being bought in 2010 for actual market value. It's an interesting time...