A recent study estimates that supply and demand will return to a happy balance around the end of 2009. Real estate industry experts say that a 6 month supply of inventory (homes & lots available for purchase) is a healthy supply to meet a normal demand. The crash of the market has created an interesting paradox. The free market is burning through all of the excess inventory this economy has created with amazing efficiency. Amidst all of the homes for sale, all of the foreclosures in the news, and all of the developed lots sitting with zero new construction activity - experts say things are turning. And quickly. 



With all of those negative things came some extremely positive things. Low prices. Even lower interest rates. In fact, the options for a buyer in today's market are so compelling that many renters are becoming first time home buyers. What with government programs adding incentive, it seems buying a home at a steep discount is the trendy thing to do. So although the market seems to be an uncertain place, this environment is changing quickly. As a wise man once said, "This too shall pass." If you want to get in on the abundant opportunities, now may be the time to make your play.