Remko Marica is the president of homes for sale (http://homes-forsale.info) . The site has the best information of home buying opportunities nationwide as well as best mortgage companies to choose from. You may reprint this article as long as you leave all the live links and footer information in tact.
If your neighborhood is similar to that of most Americans, you may see more homes for sale signs than any time in recent history. Due to overly aggressive marketing tactics of the mortgage industry, many people were over extended in their borrowing and got in trouble with paying their mortgage.
This lead to lots of foreclosures and homeowners anxious to sell their homes.
The problem is that the news media is scaring potential homeowners from buying a home in a time when the best opportunities are all around you.
The mortgage industry crises as the media has termed it has created an abundance of motivated sellers which is why the time to get into real estate is now.
If you are afraid that housing values will fall you should not be concerned. Short term drops is by no means an indication of the long term real estate market trend, which has been up up and up.
You see if you would look at a 1 year graph of home values it would seem that this is the worst investment and only a fool would be buying a house now.
I prefer to look at the long term graph of about a 30 year span. Now that looks very good indeed. Homes values have been steadily and consistently climbing over a 30 year period, and in this period there were some bumps along the way but the trend is still solid.
So instead of panicking you should be looking for the best opportunities around you. You can basically cherry pick the real gems. If you are thinking about buying a single family house or an investment property, this is your time to buy.
One of the richest man in the world once gave this gem of advice, "Buy when everyone gets out and sell some when everyone get in". You can not let the news media dictate your outlook on the market. For some reason, bad news sells, worse news sells better!
If you have been thinking about buying a home or an investment property there may never come a better time than now!
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