Is now the time to buy??? In my opinion YES! When have we ever had an opportunity like this one, home prices are down and so are interest rates. And if that wasn't enough FHA raised their loan limits yesterday, creating a plethora of new loan possibilities. No money down? First time buyer? Well against popular belief there are still programs out there for you too, such as HEART, NEHEMIAH, CAL CHAFA, just to name a few. And as my Grandpa Glen Used to say " Buying real estate is like riding a train. It doesn't matter when you get on,it only matters where you get off."
Speaking of prices being down, The market is still absolutely flooded with thousands of Repo's. For the most part these properties are priced to sell. However, with the growing numbers of foreclosure the banks are entertaining most reasonable offers.
So I guess my question to you is, what is holding you back? GET OUT THERE AND BUY A HOME., Call local a REALTOR. Book A local repo tour for starters, Just get out there!!!
Best regards
Jason
And as always your comments and questions are welcome.