We now have 6 distinctive real estate markets today.  The first market 1 is the few and far between folks who want to refinance their home to fix an adjustable rate loan or to reduce their current interest rate. Not many of them left, but they are out there. The next three markets are purchase loans. The second market 2 is the well capitalized group who are looking for good deals. They are making full cash or mostly cash offers on good properties and they are making a killing right now. The third market 3 consists of the buyers who have the 10-20% down and strong enough salaries to qualify for the typical single family residence. This is a small but growing group. The fourth market 4 are the first time homebuyers with the 3-5% down payment. Now, with the great $8,000 credit that they have at their disposal, you would think that it would be easy to purchase a home, but it's not. These poor folks, they make offers on properties and are continually passed up for other offers that have larger down payments. I feel sorry for this group. Some of them have given up after making multiple offers, opting to rent for awhile and save up a little more money.  I am working to develop options for the. The fifth market 5 are the renters. We are becoming a country of "serfs" and "lords". I foresee a lot more rented properties in the near future than owner occupied properties.  There are many people who, for various reasons, are not able to purchase now, or have lost their homes and cannot buy another one for several years, or are simply not confident in the stabilitiy of their employment status or property values. These people either have to or want to lease at this time.  This group is keeping our property management services very busy right now.   The sixth market 6 are the short sales. They are owner occupied and investment properties. People are selling because they have to financially or have lost their investment's equity to the extent that it is detrimental to their portfolio. This is a brisk business right now. I am compliant-centric ex-bank VP and I love pushing paper so I seek that business. There will always be a real estate market. I hope you all know that I am here for you, no matter what your needs are. You can contact me at any time. My direct line is 714-642-5881.