A recent article in Time Magazine (02/25/08) encouraged buyers to “Ignore the headlines!  Except this one.”

The article made the case that now is the time to buy and explored why waiting is not necessarily a good idea.  A key point is that few people have the dscipline to buy when prices are falling, whether stocks, houses, gold or art.  The herd mentality is what keeps many from buying when items are “on sale”.

From my perspective the blood is running in the Vallejo streets and the savvy buyers are on its scent.  Our house prices have been beaten down and opportunites abound to find a great deal on a home.  If you are financially and emotionally ready to buy a home there is alot to choose from and not alot of competition.  

It does take some work to find the gems and best deals but that is where doing some footwork pays off in long term dividends.   Buyers have the edge in this market, it is a great time to use it to their advantage.