The market today

People keep saying that the market is bad. Well, yes and no. Bad if you have a balloon payment on your mortgage due and you're unemployed and your house is under water and you're facing foreclosure. Yes the market seems bad to those unfortunates. The market is excellent if you are a first time home buyer with clean credit and the desire to buy now. It's excellent if you are investing and you can buy a home for $3,000-$10,000 cash

Speaking of buying now, I want to advise those buyers in the market right now, to please stop trying to low ball these sellers. In reality the prices are pretty much fair and already reflect the decline in property value. The unfortunate thing on top of the insult of the already reduced property value are these unsympathetic appraisers who makes everybody's job harder when they come back with an appraisal that is below what the buyer and seller is willing to make a deal on. When that happens the banks won't give a dime over the appraisal which makes everybody have to go back to the drawing board.