A bit of video from MSNBC this morning discussing the Fed Rate Cut this morning and it's potential effect on housing. I tend to agree with the woman with the red hair that argues that inventory is high because prices are still too high. A low interest rate will help, but prices of homes in Arizona were not in line with incomes and maybe they still aren't. The video is here.
In any event, if you have a steady income and a home loan or two, and you are putting out more than you take in related to your home, you may want to look at a refi.