I saw this quote and it hit home.
"You can have anything in life you want if you will just help enough other people get what they want."
For those who have been sitting on the fence whether the real estate market is at the bottom I blieve now is the time to buy.
Real Estate prices are down and interest rates are still extremely low since Freddie Mac has been keeping track. Rates historically have averaged 7% to 14% so where we are now money is very cheap. With the changes that are taking place with Fannie and Freddie I expect interest rates to go higher next year.
Also the high balance of $729,000 will go back down to $625,000. For those who are buying at the higher end you can still go to looan amounts of $729,000.