Now Is The Time To Buy!

If you've been sitting back waiting to take advantage of this Buyer's Market now is the time.

1. PRICES ARE DOWN - WAY DOWN!

According to The California Association Of Realtors the median price of a single-family detached home in California during June 2008 was $368,250, a 37.7 percent decrease from $591,280 median for June 2007. The June 2008 median price fell 4.3 percent compared with May's $385,840 median price.

2.) INTEREST RATES ARE LOW!

Thirty-year fixed-rate mortgages averaged 6.32 percent during June, compared with 6.66 percent a year ago. Adjustable-rate loans averaged 5.15 percent compared to 5.68 percent in June 2007.

3.) INVENTORY IS STILL HIGH BUT GETTING LOWER

The inventory dropped from a 10.2-month supply to 7.7 months.

This is the kind of market that makes people wealthy.