Time to buy, in my opinion.
I know a lot of smart home buyers are waiting for the bottom of the prices for homes before making their decision to buy, and it looks like that time may be here. We are seeing the signs of recovery starting with the gas prices going back down, along with the price of oil, gold, corn, and other key indicators showing that there is a turn around in the economy happening that should drive up mortgage rates, especially since the freddie/fannie reinforcement by the federal governments latest actions. Let me assure you, this may not be the exact day, but the give or take a very short period of time, we are there as far as home buying processes are concerned. You will not find a better time to buy than right now, I believe, and it may be another ten years before we see the timing any better than it is right now. Get ahold of your local agent and start looking for the one you want today, before things change as they can recover very quickly once the process takes off, and it will.