West sees preowned home sales surge in January (AP)

A foreclosure sign blows in the wind in front of a home under foreclosure in Antioch, Calif., Monday, Feb. 23, 2009. A real estate group said Wednesday, sales of existing homes took an unexpected plunge from December to January, falling to the lowest level in nearly 12 years as buyers waited for the government to boost the U.S housing market. (AP Photo/Paul Sakuma)AP – Home sales in the Western U.S. surged in January as first-time homebuyers, real estate investors and others seized on bargain-priced foreclosed homes in California, Nevada and Arizona, according to two reports released Wednesday.

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