I'm not too sure if what the Federal Reserve has done will really result in the reversal in current market trends. More assistance in helping people with high interest rates on their existing mortgage is needed. the morgage companies should mitigate their losses by working with them.

No one can "time the market". Now is a great time to buy. The rates are still low and the inventory is high.There is a HUGE selection of homes on the market . If you have the money and want to own a home now then start shopping!!

That is very true that homeownership is a great thing to have, but only if someone can actually afford it.  I definitely think the Fed Funds rate cut is a step in the right direction, but there needs to be a little more involved to revive the market.  Click Here for the blog that I just posted asking for ideas on what else can be done to bring the market back.  Thanks for the great post!

Thanks for your responses!  I hope the trend continues to move people to home ownership..and I agree with you Andrew & hope banks get more involved.