The market is leveling off. This means the "scare" of falling values is normalizing with market supply and demand. Interest rates are holding relatively flat, taking the pressure and guesswork out of that component. Sellers looking to get out of Real Estate have put their homes on the market and they're generally sitting for 90+ before a sale or a price reduction. They're trying to get out before the market falls deeper. So, those homes are on the market. The other sellers will "get off the fence" as the market stabilizes... further saturating the market with inventory. It could turn into a buyer's frenzy...and in a frenzy, the top houses will start to see multiple offers...driving the market back up. We can't predict the future, but I know now is a great time to buy because we DO know what the market is like right now, and it's tasty; come get some. Free home loan analysis and approval and free home listings: http://www.PTRE.net, Pat Townsley, Excellence in Real Estate Financing. 415-485-1776
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