Existing-home sales rose unexpectedly while inventory declined. This is typically a good sign. Here in the Midwest sales increased 4.0% in December.

Mortgage interest rates are at historical lows, sellers are flexible and there is plenty of inventory to choose from.

If your a first time home buyer, you may want to consider an FHA loan, with offers down payments of 3.5% on a safe 30 year fixed-rate mortgage.

If you have patience, there are a large number of short sale and foreclosures on the market. If you'd like a list of them in your area, contact us along with your price point. We will gladly send you a list weekly.