Things are starting to pick up around here. Homes are selling and foreclosures are becoming a lot more popular. Short Sales are about every other listing that I am seeing. If you have the patience to wait to hear back on a short sale (the last one I did just took 52 days for bank approval) then you will be getting a great deal off of what the original owner paid. If you can swing a "Buy" now is the time. Unfortunately, for a lot of people out there it is not the best time to sell. But if you think about it, it can not be a buyer and seller market at the same time.
If you are a first time home buyer there are many programs out their bending over backward to help you to get into a home. Why you ask? The banks make their money by lending new money to people and a lot of the move up buyers right now our stuck trying to sell their own houses. New buyers show banks dollar signs. For every foreclosure a bank can dispose of quickly they can do 4 new loans and create a larger cash flow for that bank. For more information regarding short sales or foreclosure properties contact me.