1.         Buyers have a huge inventory of potential homes to choose from. There were approximately 3000 residential homes available, each month, up for sale in2004-2006. Through 2007 to present there are approximately 26,000 homes available each month. Thousands of properties(foreclosed) at heavily reduced prices are available to buyers that are prepared. 

2.         No bidding wars. Two years ago we had to scramble within hours with an offer on a just listed property.  Today both sellers and buyers are exercising their right to negotiate a 'win-win' deal.

3.         Buyers can make offers and request for other value added items that suit their specific buying needs.

4.      Sellers are offering incentives like home warranties, furniture, closing costs, paying an interval of HOA dues, upgrades, and buying down points just to name a few.

5.         Patience and due diligence is welcomed. Everyone involved wants a ‘win-win’ situation.

6.         There are fewer investors to compete with the ‘primary residence’ home buyer

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7.         Buyers requesting sellers to make reasonable repairs before closing is better tolerated.

8.         Buyers have a greater choice of location because the number of properties is greater.

9.         Interest rates are still very low.   Compare to:   1978 at 9.75%,   1980 at 18-21%,   1990’s at 11-12%,   and currently at 6-7%.

10.     Real financing is still available.

11.      Government programs like FHA,VA,USDA, have altered their guidelines and make it easier for first time buyers to qualify for a mortgage loan.

12.     Rent per month now can quite often be the same as a monthly mortgage payment for a similar property. It is estimated that each year a buyer waits to purchase a median-priced home they lose $6000.00 in potential wealth accumulation.