Sales of preowned homes in West climbed in Dec. (AP)

A price reduced placard hangs below the sale sign outside an existing home on the market in the south Denver suburb of Englewood, Colo., on Sunday, Jan. 25, 2009. A real estate group said Monday, sales of existing homes rose 6.5 percent from November to December, closing out the worst year for the U.S. real estate market in more than a decade. (AP Photo/David Zalubowski)AP – Deep discounts on foreclosed homes helped power sales of preowned homes in the Western U.S. in December, with metro areas in California, Nevada and Arizona leading the way, according to two reports released Monday.

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