Holiday Real Estate Market '10

It's just after Thanksgiving, and the weather is not good. Real Estate market is changed a little, short sales are the name of the game, and probably will be for the next 2 years. I have done a bunch now, and am working on 3 as I write this. Still some REO's, but mostly short sales. If you are looking for a bargain, this just might be the right time. Interest rates in the 4's, I've been selling real estate for over 30 yrs and these are the lowest interest rates I can remember. Lenders are tough, no more "liar loans", you really have to qualify now, and that's a good thing. Homes prices have now dropped about 40%+- since the high of '06. Some homes have dropped more, and some less, but I'd say on average 40%+-. It will take years to get that lost equity back, I think we may see prices drop some more in the next 12 months, maybe another 3%+-. I can't predict the future, but I'm not stupid. Until we see more jobs, most people are just going to "wait and see". We need to have confidence in our economy and our government leaders, and until that happens, we just can't move forward as fast as we all would like. I am a full time real estate broker, who is just trying to make it. And I will!!!