Time to Buy or Time to Sell???
Over the past six months many things have changed in our market.  With the corrections taking place within the secondary lending market, it is harder for buyers to qualify.  The buyers are having to come to the closing table with more money.  Zero down and 5% loans for investors have basically gone away.  So the question is, is this a good time to buy a house or to sell?  The impact that we have seen in our market place is the demand for rental properties.  Buyers are having a harder time coming up with more money to buy homes and this is forcing them to rent.  With foreclosures increasing day by day, the lenders are tightening there belts on the qualifying requirements for all buyers.  Currently there are many more houses on the market for sale, and it is taking them much longer to get these homes under contract.  This brings me to my next thought.