As I listen to the fact that the Fed has cut the rates again...I wonder if we are ever going to get out of this housing slump. Gas prices are way out of whack and that is tied to what the Fed is doing as well. Every time they cut the rates it weakens the dollar and the cost of oil goes up as a result. THere is light though!
My phone is starting to ring again and not just a little. I have listings coming in and people actually wanting to go look at them!!!! I know it's crazy...but I think that the average American consumer is getting pretty ticked off with the way thing s have been going and they are not going to take it anymore. It seems that people have decided that they are going to go out and resume their lives. That means that they will buy gas....go on vacation...go to the movies...buy new shoes...and bring them to the closing table when the buy a new house.
While we may not be able to see the end of the tunnel yet, we can say that many Americans are pulling out their flashlights and pretending there is a light. My two cents is that you should do what you think is right for your family. If it is time to move....call an agent (preferably me :) ). If you need to hold off until you can get good value for your home...then wait. However, keep in mind that the market is correcting itslf, so what you may have seen as a good value for your house 2 years ago might not be attainable even after we are out of this mess. Also, remember that the home that you are buying is in the same shape you are in. They are nowhere near where they want to be either.
So go out there and buy or don't buy (your call) but just remember that the real estate inventory has never been this high (that I can remember) and deals are out there to be had. If there has ever been a time to buy, you are looking at it. Jump in and in a few years you will be glad you did!