I Believe That if There was Ever a Market Bottom in Real Estate - This is the Mother of All Bottoms...

I think things should pick up for sellers now - due to the govt takeover of Fannie Mae and Freddie Mac on Sunday.

The government just gave potential home buyers and investors a very visible market bottom. (which is going to last for the next month or two at least - as it takes time to absorb inventory)

But if you are a home buyer or investor - and you miss the market bottom - not to worry - there are always very flexible sellers to be found at any time.

Rates just dropped a whopping 3/8 of a percent today to about 5 7/8's. If rates stay low - home prices should not only stabilize - they should start moving up again at some point - as buyers flow into the market.

Are you ready Chicago?

There has never ever in the History of Real Estate in the USA been a better time to buy than right now. You now have an amazing confluence of

low rates and low prices. It doesn't get any better...