Where Have All The Buyers Gone?

I can't believe with...

• the number of homes for sale
• the number of price reductions
• the current interest rates

that there are not more buyers atleast trying to buy. Do they really need an incentive by the Govt. to jump in and take control of the best financial decision they could make in a while? Or is the economy and the lack of jobs that serious of a situaton that the number of buyers really is as low as it appears?

I know homes are selling but I also know I see a lot of decent deals out there and I can't believe people are not taking advantage of them...

Are they waiting to see how low they will go? I hope not. That could backfire because the rates could also go back up anytime. That makes a BIG difference in your overall buying power.

I know there are a lot of great buyers out there that are ALSO sellers! That is where their problem lies. They can't buy if they can't sell. WOW!

To anyone on the house buying fence, I would really advise getting in touch with a mortgage lender or bank and seeing if you qualify for a mortgage and how much, etc... These rates will not stay this low forever. They just can't. This may be the best time to buy and you don't want to be kicking yourself later, saying, "I should have... but I didn't".