Help for First Time Home Buyers in Todays Market

Are you one of those interested in buying your first home in the current real estate market that seems to be turning around?

The U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. The current real estate market is offering many challenges not seen in the previous seller's market.
Now that the presidential election is over, we have a new administration. Since it is too early to tell what their track records will be like, it is just too difficult to predict what the future holds.

Unemployment, the economy, short sales and foreclosures have forced sellers to lower their prices. Average time on the market from listing to contract is more than 120 days.
The nation's inventory of unsold homes remained at 9.7 months in February 2009. A six-month supply is considered balanced between supply and demand.