Consider the following stats, which were recently release and then tell me what you think!

• Median price: $145,500 (decreased by 34.75 percent compared to January 2009) This is great news for median-income wage earners as the affordability of homes are closer to their reach.
• Interest rate: 5.25 percent (lowest point since May 2005)! This is a great time to buy a home or to refinacne and enjoy lower monthly payments.
• Home sales are up: 28.18 percent more homes were sold in February of this year than February of last year (1,219 to 951)

WOW! This stats are very encouraging and assuring that some closings are taking place and people are still moving into homes!

•  Pending sales continue its upward trend to 4,348. There were twice as many homes under contract in February 2009 than compared to February 2008 (2,175). This sure spells good news as to what we can expect of sales activity in the not too distant future.
• Homes of all types spent only 102 days on the market compared to 123 last year at this time. This, too, is encouraging as the inventory is starting to move a little quicker.

And, for the biggest stat of all - drum roll please:

• Orlando has notched the number 3 spot among the most searched cities who are seeking a new home.
  #1 Phoenix
  #2 Scottsdale
  #3 Orlando
  #4 Las Vegas
  #5 Atlanta
  #6 Houston
  #7 Irvine, CA
  #8 Ft. Lauderdale

Most indicators are showing that we are pretty much at the bottom and, therefore, the only place for this market to go is upward. Consequently, the savvy home buyer (or investor) understands that this is not the time to be caught napping. Rather, it is time to get busy to take advantage of the great opportunities before they disappear!

It is also safe to conclude that the stimulus package that was passed recently - coupled with the $8,000 tax credit for first time home buyers - will certainly be an added incentive to the real estate market.