The long view of the market

When thinking about the real estate market it is most important to take the long view.

Real estate is cyclical. We are two years (yes 2 years) into a downturn. Despite all the gloomy headlines now, eventually -- and possibly as early as next year -- the market will turn around. Think back into the past and you will remember this same situation 15 years ago (remember the late 80's early 90's?) If you plan to live in your house for more than a year or two, there is no reason to be "scared to death." Instead, rejoice that you are a buyer right now and not a seller.

And sellers don't think that you are getting soaked by the buyers.....as most sellers are buyers too! What you may lose on one end you will gain on the other.