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Real Estate "Humor is tragedy plus time"- Mark Twain
The real estate news of the last few weeks has been puzzling.  I study the trends everyday and see the Puget Sound market stabilizing and prices returning to 2005-2006 levels. 
If you sell and buy today you'll feel bad about the price you got for your old home but you be overjoyed by the price you paid for the new one. 
If you are a first time buyer there are many incentives to get you into your first home.  Banks are lending again and all you need is a good job, a down payment (sometimes as small as 3%) and a decent credit rating. 
For everyone, interest rates have never been better. 
Mark Twain said "Humor is tragedy plus time."   Two or more years from now, the people who bought today will look back at this tragedy and laugh about the prices they paid.

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