If you have seen the Pixar animated film "Chicken Little" you will know this phrase, "The sky is falling the sky is falling" and in the beginning of the movie it really was not however at the end of the movie it really was. Why am I saying all this, well here is the reason to my madness. I believe there is a problem out there! I am not blind I see what is going on, 20+ years in this business I have seen it all. I also see a definite problem which I have not seen before and that is "credit crunch" while at the same time in the middle of an obvious "buyers market" , however where are the buyers.

The pool of potential buyers will shrink as many find it difficult, if not impossible, to obtain mortgage financing. Experts have speculated that the number of potential buyers will contract anywhere from 15% to 30%. Sellers should also be aware that increased foreclosures can depress community values and result in a glut of local inventories, which could further drive down home prices.” Its not pretty out there, however if you are a buyer looking to buy a home or two, hey don't wait!!!!! NOW is the time to get out there, find yourself a reputable realtor and have him/her do the negotiations for you. You will probably get a great deal on a home. However another advise don't wait to much, banks are really tightening there belts and this will make it harder for you to get financed. Buyers need to get pre-approved before entering the market. While there are a lot of great deals out there, getting credit is becoming tougher and tougher, and it’s taking longer and longer to complete a transaction. What you qualify for today could change tomorrow in this volatile market.”

I believe this is all Great news for buyers that have been looking for a "deal" now is the time to buy! Rate are still at historic low point, however who knows till when? dont put it off any longer. Its time to buy for tomorrow might be to late.