"Existing Home Sales Up Surprising 6.5% As Prices Plummet"

This morning I was greeted by this headline:

"Existing Home Sales Up Surprising 6.5% As Prices Plummet"       

At first glance, this does not make sense.  How could this take place while we're in arguably the worst financial recession in fifty years.  My first thought was, where did these people get financing to buy these homes?

Even as I study the market every single day, I realize I'm still prone to telling what the market should do--the insatiable human urge to control, not the other way around.  Brutal reality is we are at the mercy of the market--that it does not care whether we're a priest or a pauper, it will do what it pleases. 

So what do we do? We listen.  We observe.

"People fear when they should hope, and hope when they should fear."

Will I go full blast on my personal investment? Maybe not.  But you can be sure that I will be closely looking at the market for opportunities.  History tells us that the real estate market rebounds just when the majority feels financially depressed.

Look out for sustained positive numbers(as of now, it's just one month. See "P.S").  Because if this continues, prices will cease going South.

P.S-  It might be a good idea to check the U.S existing home sales numbers for the whole year.  To see a better perspective on the bigger picture.