I just got off the phone with a client of mine who called interested in buying an oceanfront house.  He told me, “Jim, if you have some dry powder you are sitting on, now is a good time to act”. 

He is exactly right.

I was quoted today at ABCnews.com where I said “smart money’s buying right now”.

When I was interviewed for the article, the lady interviewing me asked why weren’t most people buying.  I told her that most people are not that smart.

Read the rest of the article here – Housing Crisis Upside:  Bargains for Everyone. 

I know everyone gets tired of me saying this, but there are some excellent opportunities out there today for people who are sitting on “dry powder”.