Good News for Buyers

Not such good news for sellers, but CNN reports a record 18% drop in home prices over the last year: http://money.cnn.com/2008/12/30/real_estate/October_Case_Shiller/?postversion=2008123009. Prices are down, interest rates are at their lowest level in 37 years... what better market conditions could exist for a potential buyer? If you have been thinking about a new home purchase, this is a great time for you, especially if you don't have a property to sell. So go ahead, do your part to give our ailing economy a shot in the arm. It's patriotic!