It’s a buyer’s market:
For the 1st time in many years our market has shifted from a seller’s market to a buyer’s market. While a few will see this as a great negative, others will see this as a great opportunity. A buyers market is one in which there are also many homes on the market for the number of buyers. Homes take longer to sell and prices fall. Its simple economics….supply now out-weights demand….and as a result; buyer’s in 2009 will be rewarded with more choice and great savings.
Why buy in 2009?
We have a large inventory of home owners who are forced to sell. This inventory of homes will not last always. This current supplying of homes and condos are a result of people who have lost their jobs, investors who are absentee owners sitting with a second property, a builder or home-flipper who couldn’t finish the project before the shift in the market. It is within this group of home owners that you'll see the biggest drift in price.