With the recent slowdown of real estate sales affected by the burst of the housing bubble, the market has shifted to a buyer's market. Just the other day, I was talking with a co-worker whose also interested in real estate, and he was telling me about a firm at the coast that used to have 50+ agents working in 3 offices and since the shift, there are only 2 agents working out of 1 office.
Now is the time to take advantage of lower prices because the market should take off again. It may take a while, but this type of correction was bound to happen; the same as the stock market has done over the years. I'd prefer picking up one of the oceanside condos for sale and rent it out enough to pay the mortgage but still be able to stay in it a few times a year. They say to "strike while the iron's hot, and I believe the buyer's market is heating up...
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