Here are the new and improved reasons to buy a home if you have been on the sidelines.

1) This easing of credit, effort to stimulate the Real Estate market along with the inference of reduced risk to a company whose priority is to make money for its shareholders is a good sign.

2) Interest Rates are rising to the highest levels in three months on Tuesday's Treasury department auction. The same house that may have declined in price, actually, may have just got more expensive.

3) Negotiation is on the buyers side - the glut and over Supply of homes is a major hurdle. In fact, I know many sellers who have no showings , less any offers in the last 6 months. If you present a competitive offer most sellers will be very ready, eager and willing to negotiate price, time frames and incentives to get a deal done.

4) Home prices have dropped sharply -S&P/Case shiller reported that home prices have dropped 14.1% in the first 3 months versus the first 3 months of 2007. In Phoenix, and many of its town including Glendale, Peoria and Surprise the year over year price drop was 23%.