The slump gets a bump?

"The worst housing slump since the Great Depression may be drawing to a close as first-time buyers rush to take advantage of tax credits before a November deadline."

So says reporter Bob Willis on Bloomberg.com. Buyers who want that $8,000 tax credit are seeing reduced prices on new houses because builders must compete with a glut of foreclosures. The median price of a new house fell 9.5%. Sales of new homes in August hit a one-year high.

Read the whole story at Bloomberg.com.