I am extremely excited about the current real estate market. I know the media is reporting doom and gloom. The facts are contrary to what the media is reporting. Let's look at the numbers.
condos/town homes
Number of sales in February
2008... 460
2009... 664
that is a 44% increase in sales
People are buying because it is a great time to get into the real estate market. With this said I feel it is very important to consult with a reputable lender and make sure you purchase a home in your comfort zone. Choose a loan program that best fits your economic situation.