Through a search a few weeks ago I ran across Real Estate Radio's blog.  I have been enjoying the read for quite a while, and even listening to some of the podcasts (they are full radio show recordings, and are two hours long).  I don't listen to as much of the podcasts as I'd like, because of the length.  

But, the show from January 10th has very interesting notes. 

Barry C started off the show by letting us know Geppeto has spoken again and the rates are coming down! Think this is not the time to buy real estate? Fine with me, sit on the sidelines and I will be making the money.

There are a few things to keep in mind while reading this statement...  

First.  These are real estate investors.  They aren't here as agents of members of the NAR (I don't know if they are licensed or members).  These are people that invest in real estate to make money.

Second.  They are not drinking the NAR Kool-Aid.  Lawrence Yun, the Chief Economist for the NAR, has been chided for making the same "the worst is behind us" report for the last 14 months or so... even though he would have to know otherwise.  

Third.  They aren't particularly friendly to real estate agents or REALTORS(R)... The "All real estate is local" war-cry doesn't play well with them, nor do the tactics, ethics and work-habits of many practitioners.  

Why do I say that?

If this call for investment was coming from the inside, I would look at it with less than a trustful eye.  Seriously.  The NAR, as well as most agents, have been saying that "now is the time to buy" since the earth started to cool (or warm if that is your predilection).  Even in markets that have been crashing down around them, many of the old school agents were telling anyone that would listen that it was the time to buy.  While I will give them a little bit of a pass for not having a crystal ball, at some point we have to step back and look at the local situation.  And be honest... but I digress. 

The point is that we are starting to see investors looking at the market and see deals.  Instead of trying to catch the falling knife, they are seeing that there are properties right now that will offer positive cash flow and make money.  When the bargain shoppers hit the streets, they pick up the bargains... that means that the first sign of the turnaround is starting to show. 

If you've been sitting on the sidelines, you might stop looking at the view and start thinking about getting in.  

A word of caution.

Don't think that we are entering a flipping market.  We aren't there yet.  And, flipping is always dangerous.  But, if you are looking for a personal home to live in for a while, or if you are looking for a property to hold for a while... now might be the time.  

Rates are GREAT.  Fundamentals aren't bad.  Inventory is plentiful.  Prices are good.  Sellers are motivated.