This is shaping up to be a very interesting next few weeks, months even, in the housing market. Perception certainly plays a big part in what's going on. Here's my take:

The media are finally saying that the housing bubble has not popped and that the slow down in the market is turning around. People who have been thinking about buying and have been listening to the media tell them to wait because the market was about to hit bottom have realized that the bottom is not there and if they want to buy, they need to do it soon. I'm hearing from buyers who wanted to wait several months ago and they feel now's a good time. Well it is a great time to buy if you're in the market. Anyone who tells you to wait is someone who doesn't want to work in Dec. and Jan. I do want to work in Dec. and Jan. so call me. Interest rates are historically low and are expected to go lower for another three months before starting an uptick by April or May of next year. Here's a summary of what the National Association of Realtors has to say about rates:

The 30-year fixed rate decreased to 6.24% down from the latest week as 6.33%. The 1year adjustable rate was 5.53%, slightly up from the last week. This week, the 30-year fixed rate dropped to the lowest level since March because of reduced inflation threats as shown from the release of wholesale prices and consumer price index in October. Lower mortgage rates should help the housing market bounce back from the slump. Mortgage interest rates will drift upward, but around 6.7% through out the year.

As rates rise you're able to buy less house for the money so now's an excellent time to be out there. Let me know how I can help.

I'm having an open house this weekend. My listing at 3212 14th St. NE will be open this Sunday, Dec. 10 from 1-4 pm. It's listed at $449,000. Go to my website for more information: www.angelajonesrfealestate.com. Have a great weekend and don't shop too much.

Are you doing it for the first time?

This is a great time to be buying a home. If you're a first time home buyer, you have lots to choose from and the interest rates are lower than they've been historically. The condo market is a great place to start too if you want to buy but don't want the responsibility of maintaining a home. The incentives to buy are better now too. http://www.washingtonpost.com/wp-dyn/content/article/2006/12/01/AR2006120100017.html. First time home buyers are driving the market today. Of the 17 transactions I've had this year, 8 have been first time home buyers. Dive in, the water's just fine!