With all the news in the media about real estate pricing  I wanted to give you my insight on the market. Presently the # of sales are slower for resale compared to last year (which was a record year), however well priced homes are still selling.

The pricing is off the peak seen late 2009 and early 2010, and have since established. What is encouraging is that the mortgage rates have been recently lowered ,offering a 5 Year fixed rate at 3.49 % and variable at 2.25 %.  

So, presently if someone were to buy compared to the early year peak, they get the same home for approximately 7% to 10%  less but the mortgage rates still remain very similar. My advice its still a good time to buy or invest in real estate.