On Monday, I spoke with an colleague who is involved with the Wachovia asset management team.  He expects a new wave of foreclosed properties to hit the market in Q4.  What will that do to the market?  Only time will tell. 

“Clearly, there has been a terrific pent up demand for housing and a lot of frustrated buyers out there,” replies another colleague.

 Are we finally approaching an equillibrium in the Buyer/Seller arena?  Could this be one of the most “normal” markets we’ve seen for years?  As always, waiting may be a wise choice, but if you see that perfect home, at the right price combined with historiaclly low interest rates, you may want to go for it – for you may never pass this way again.