If you have been waiting on the side line to buy your first home, the time may be NOW

Housing upturn occurring in some parts of Southern California, data show
The median sales price in some areas rose last month for the first time since the market crashed in 2007, according to MDA DataQuick.

"Southern California's housing market took another small step toward recovery in September as the median sales price for homes in some areas rose above last year's levels -- the first such increases since the market crashed.

The median price paid for all homes in six Southland counties in September -- $275,000 -- was unchanged from August and 11% below the same month last year, according to San Diego-based MDA DataQuick.

But in Orange County, the median price rose modestly to $429,000 from $425,000 in the same month last year -- the first year-over-year gain since 2007, DataQuick said. If condominium sales are excluded, last month's median home sales prices in San Diego and Ventura counties also beat their September 2008 levels."

Follow link to read moreLA Times Story Oct 14, 2009

The Home Affordable Refinance Program

To read more about the new The Obama Administration Home Affordable Refinance program released on March 4, 2009

Click Here to download a copy of the Treasury Release Notes for details