We have made it through the elections and regardless of whether or not your candidate was elected President, we all know that change is approaching.  These changes will not happen on January 20, 2009 when Barack Obama takes office, in fact, we may not see any significant changes for a year or more.  However, based on Obama's campaign, some of the changes that we can expect are:

•·         Significant tax relief for middle/lower class, small businesses as well as Senior Americans.

•·         Improve job security by encouraging American companies to keep jobs at home.

•·         Invest in clean energy by providing financial means to create, educate and implement new energy sources.

•·         Encourage technology and innovation by investing in the sciences.

•·         Create accountability within the mortgage industry as well as more simplified disclosures.

•·         Protect consumers from predatory credit card and lending practices.

•·         Expand the family and medical leave act, expand after school opportunities, and expand the child tax credit.

I know what you are thinking: "Enough is enough, I have been hearing this for the last 10 months!"  However, I wanted to mention his platform one last time as a reminder that there are some very positive changes coming our way at a time where our country needs it the most. 

Did you know that economists are saying that the most recent decline is due to the "psychological impact" of the stock market?  Many first time buyers have decided to wait to purchase, however, market conditions are ideal for first time buyers, move up buyers and investors.  Interest rates are at historic lows for conventional and FHA financing and there are still a large number of loan options available despite media created perceptions.  One thing remains true, homeownership continues to be one of the safest, most solid long term investments a family can make.  Your home is a tangible investment that barring deferred maintenance and natural disasters will grow your personal wealth exponentially over the coming years.

As always, if you know of anyone in the market to buy or sell a home or simply has questions about the process, I will work hard to get them the best possible price so that they can begin to build their own personal wealth!