The Fed rate cuts, glut of homes on the market and overall price reductions will certainly jump-start market activity throughout the country, but it still seems to me that more and more people have already been squeezed out of the housing market and it breaks my heart to know that so many people who really want to become homeowners may never get the chance.
Please don't think I'm being negative - the opposite is true. I became a REALTOR because I am passionate (almost to a fault) about helping people realize the dream of homeownership. I've done well with my personal real estate investments over the past 20 years and I truly want everyone else to realize the dream and experience the joys and freedoms of homeownership. The world is full of the "have" & "have nots" and I just don't want to see more people getting left behind because it's simply not affordable.