Bottom of the market?

Lots of buyers are saying taht they are waiting for the market to hit the bottom before they consider buying. So when is the bottom of the market and when will we be able to know it?

So that is a really good question. We will know that the bottom of the market has been hit when we start seeing the market go back up. That takes time. So where are we in the market right now?

Right now we are in a good place in the market to buy. Prices are negotiable. While most programs are requiring money down at this time (5 to 10%) there are still some good interests rates to be had. The Feds are changing the face of lending on a daily basis with increased limits in regards to FHA loans (something very popular in the 60s) and I expect to see some changes with VA loans coming soon.

So when is the best time to move forward? When you find the home of yours. Let's make it happen!