It's an interesting time to be shopping for a new home. First-time home buyers will have the benefit of not having to sell a home in a down market in order to buy their new home. Current homeowners will have a slightly more difficult time, as they will be receiving less value from their home than they originally expected, but will also be able to get into a new home for less than expected. Find a good real estate agent, and they will go a long way toward steering you through the potential minefield of the modern housing market. Your real estate agent may also be able to put you in touch with a good mortgage broker. You'll be enjoying your new house before you know it!
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Buying: Now or Never

With the plenitude of distressed homes available, new buyers abound on the market. Distressed home are sold at enticing prices today, with buyers are eager to make this work to their advantage.

The distressed property market may provide you a house at a low price. In some states, such properties have sold for less than $20 K. Consider buying such a property before prices rise and inventory drops.

Distressed properties often make good real estate investments. You can hold onto them till the real estate market recovers or lease them out. The current market features a plethora of passable homes at under market value.