I've been watching the real estate market especially close in the areas I farm and sell real estate.  I have to tell you I am seeing 2004 housing prices in Huntington Beach, CA.  Homes that sold for $642,000, $645,000, $657,000 only a year ago are now going for $520,000, $505,000, $470,000 and another is pending at a list price of $444,000.  THAT IS A PRICE DROP OF $200,000!!!!!!!

BUYERS!!!! What are you waiting for?  Sure a few of these lower prices are due to foreclosures and bank owned properties and brought down the values in the neighborhoods, but what do you think will happen when we don't have anymore bank owned properties in the neighborhoods you want to live in?  I understand you want a good deal, but standing on the sidelines isn't going to get you a good deal.  When a killer buy is found, you have to move on it, and move on it quick.  Don't wait to see if it is a good buy when someone else gets it!  Call your trusted Realtor; get your financing in line as well as the necessary paperwork and ACT RIGHT AWAY!  These great buys aren't going to last forever, and with the large inventory and the banks viewpoint to get rid of it... NOW IS THE TIME TO BUY!  Don't wait until the newspapers tell you the real estate marketing is picking up...then the real estate market is on the up swing.  In addition, if sellers have to sell and want to compete in today's real estate market, they too are going to have to price their home right.  So it is a win, win situation for buyers in today's real estate market.  Go for it, you will be glad you did!

What is holding you back?