Extremely low interest rates and reduced sales prices allow today's Buyers a rare opportunity. The "Sub-Prime" mortgage blunder has produced high foreclosure rates, contributing a temporarily slow housing market. While no one likes to hear the bad news, it may mean good news for the savvy consumer. In order to bolster the economy, the Fed has been forced to cut interest rates despite inflation concerns, while Sellers and Builders must keep prices in check due to the simple law of supply and demand. Typically, low interest rates will fuel an increase in price due to affordability, but the huge selection of quality homes and the loss of up to 30% of Buyers, previously regarded as the "sub-prime" category, could give today's Buyer the best of both worlds. Rates are at 30 year lows and are expected to continue to fall throughout the spring buying season. But it may be a good idea to make a move before the housing market rebounds. Once the housing market appears to be salvaged, rates will rise to combat continued inflation in every other market sector. Taking advantage of real estate while rates are low seems like a great idea! So whether you need more room for your Family, are looking to buy your first home, or  have the desire to upgrade your lifestyle, low rates and low monthly payments make for an easy decision to own a new home. Now is the time to take advantage of what could be the best valued market in years!

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