As most of you know, the real estate market has not been the best for sellers for quite some time.  The market trends have improved slightly with a lot of it due to the first time home buyers tax credit of $8,000 which as of today is due to end December first 2009.  This has bolstered the home sales on starter homes which is reflected by the average sales price dropping dramatically.

While it remains a less than desireable time for selling, it is still an excellent time for buying.  With the number of homes currently on the market, average days on the market still being high and currently low interest rates.  Interest rates have climbed a bit and are projected to climb as we enter 2010.  The reason for the rise in rates is due to the availability of the mortgage backed securities which will end in mid 2010 and it is suspected that rates could get as high as double digits by the end of 2010.  For those who have  been considering a home purchase, sooner in this case is better than later.