To say that homes are “on sale” right now is not silly. The statistics are fantastic if you’re a buyer, and dismal if you’re a seller. The number of homes that are sitting unsold on the market are up about 30% from a year ago. That’s a huge increase in available inventory, putting you in a position to drive a hard bargain. Over a third of houses have had price cuts in the asking price. Sellers are becoming increasingly desperate to move the house. Markets that are really hurting include Seattle, California, Washington D.C. and Baltimore. The psychology has shifted. When a market is in turmoil, either running up or down in value, that’s when opportunities exist if you do the research. The National Association of Realtors is expecting home sales to decline 5 percent this year for existing houses. For new homes, sales are expected to drop 20 percent. So, do your homework, know your market and you may just steal a deal.