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According to a report released by MDA DataQuick, Southern California home sales volume, particularly in San Diego County, has rebounded while homes prices in almost all counties plunged at a six year-record low.

Although there are literally thousands of troubled borrowers losing their homes to foreclosure everyday, being in the same boat will still be devastating. For this reason, it is vital that you do everything possible in order to avoid foreclosure.

Anywhere you look, you will notice that most local real estate markets are favoring buyers over sellers. But because of the current economic conditions, many buyers are still wondering if it is the right time to take the plunge. Of course, this is only logical considering the risks involved but if buyers check out the advantages they will most likely enjoy, then they should not wait any longer.