As we begin the New Year, there are a number of things to consider in real estate. I think we will see an improvement in first time home buyers segement due to a number of factors including the lowering of down payments. I do not expect rates to rise in the first half of the year however it is to early to tell about the second part of the year. No one segment of the market can make the total market rise . It must be balanced with different segments contributing so although we may see and increase in first time home buyers we also must see other segments of the market contribute to continue to see rising prices. It is good news that the overall economy is improving.

When it comes to short sales and foreclosures, I hope a tax plan is approved early so people can plan better than wait biting the fingernails until the last minute of the legislative session.