Business is Great! Thank you for asking.

A lot of people are surprised when they ask me "How's the Real Estate Business?" and I say great! They often respond by saying they have heard that there are still a lot of short sales and foreclosures. And of course they are right! But that is why business is so much better this year than it has been for the last two years.

Most buyers put their real estate purchases on hold in 2007 and 2008 anticipating dropping prices, and that proved to be a very smart decision. These same buyers have now recognized that we are bottoming out this year and now is the time to buy!

Not only have prices bottomed out, many are artificially low due to the tremendous volume of foreclosures and distress sales (this is a local phenomenon and doesn't affect every neighborhood). So the chance to build equity has increased even more.

Another unexpected bonus is the $8,000.00 tax credit for buyers who have not owned a home in three years. The government sweetened that deal by telling buyers who qualified for the credit that they don't even have to pay it back if they stay in the home for three years! Wow!

The icing on the cake is that interest rates have remained at near record lows making home ownership possible for buyers who never thought they could afford a home.

So yes, business is great, pass the word!