With all the national news about the real estate market it is hard to know the actual condition of the real estate market.  There are several things to keep in mind if you are thinking about buying a house right now.  First, interest rates fell to 6.2% in 2007 from 6.8% in August 2006.  This is GOOD NEWS if you are buying!

The correction that the news media is covering has been greatly misunderstood.  The correction is in sales voume and price appreciation.  Volume has slowed greatly because there is so much supply on the market - this is also GOOD NEWS is you are buying!

If you are hesitating because of the 1% price drop expected in 2007, remember that that drop comes after a 5-year spurt where home prices increased by about 53% nationally.

If you thinking about buying a home anytime soon, remember to consider pricing trends, not prices on a given day.  Keep in mind that in many markets, prices have steadied and so has inventory.  This is a home buying opportunity - and one that is likely to pass soon.

We are all aware of the recent changes in the real esate market.  Due to the high number of homes for sale, days on the market have been increasing.  This calls for an adjustment in your strategy if you are planning on selling your home and purchasing another home.  A year or two ago, it may have been possible to find the house you want and then list your house.  In today's market however, putting your home for sale should be your first step.  Once your home is on the market, start researching the market in the area you want to buy in.  Once you get an offer on your house, then start looking at homes for sale.  This strategy ensures that you find a house when you are in a position to purchase, rather than finding that perfect house and making an offer, but being unable to sell your own home in time.  It also ensures that your offer price on your new house is as realistic as possilbe because you know how much your former home is going to sell for.

Remember, it doesn't cost anything to enlist a Realtor to market your house, a Realtor only gets paid if the house sells.  If you are thinking about moving, remember the first step could be to get started marketing your current home.

Riverside has 68 residential homes for sale right now.  If you are in the market and are considering Riverside, there is plenty of inventory to choose from.  Also, there is a great Green community that is being developed.  The developer is working diligently to make the Green homes that will be for sale as affordable as possible.