Today, the news on the economy seem much better than it has been in a long time for the housing market.  Home builders have started building again with the rise in construction.  This means putting people back to work.  Unemployment numbers should come down since many of those that were laid off were union laborers. 

When the housing market started to see more foreclosures than ever before the government economists started giving a "cry for wolf" syndrome.  Why not? That is what they get paid to do.  Wouldn't you do the same?  I know if I was getting paid to forecast the future and could make the government money I would say "Hey the sky is falling" when it really isn't.  What I am trying to get at is that it is a great time to purchase a home. Whether it be a newly built house or an existing home.  Prices are low. Do not wait to see if the market will bear lower prices.  Most likely they will start to climb again in 2010-2011. They won't climb as fast but they will go up in price. Do not miss the boat.  Also, rates are still low.  Don't forget about the $8,000 tax credit.  It is going away after November 30th.  Get into an agreement of sale and close the deal prior to November 30th to qualify for the tax credit. It is good for 1st time homebuyers only. Unlike the Cash for Clunkers program this will go away.  One more thing, the $8,000 tax credit you do not have to pay back.  

To qualify apply online at www.loansbyallied.com/Loan_application

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