2008 has not been very kind. We experienced falling homes values and turmoil in the financial lending that turn the Real Estate Market on its ear.

The positive light at the end of the year is the current lending conditions are looking better. For buyers the opportunities to buy are wide open. As for sellers, I advise you to look at the big picture and remember that even though you feel like you are losing on your present home sale, you stand to make up the difference and more on the buying side of the transaction. If your moving up in price range you will most likely be in a much better equity position than you are now, and with interest rates the lowest level in history, you really can’t go wrong if you have at least a 3 to 5 year time line that you will stay in your new home.

In case you had not heard, on Tuesday the Federal Reserve lowered its key interest rate to .25% — the lowest level ever (noted by MSN). This will trickle down to all types of loans, credit cards and school loans.

For you as a homeowner looking to move up, buyer or an investor this means the time to buy is now. If you are not in the market to buy you should be. In the words of Donald Trump, “Buy, Buy, Buy, now is the time to Buy”. House prices are there lowest in our area and the fed just cut rates. 30 year fixed at 5%. Pool your money, borrow from your family talk to your accountant, what ever it takes, get in the game now!