Should you buy a home now?

Has the housing market reached bottom? I don't know anyone who can answer that with any certainty. One economist says one thing and another says something else. Buying a home in this market is something you will have to educate yourself on and then make up your own mind. The one thing I can tell you is this, when the housing market starts back up the chance to buy low will have passed. At this time, home prices are down and interest rates are low. You will need to have good credit and a job. It is always wise to contact your bank or mortgage company and get yourself pre-approved for the loan you need before shopping for a home. Gone and good riddance are the days of sign and drive. Some buyers are taking advantage of the housing market. Some are not. Prices and interest rates will not always be down. At some point, it will again be a sellers market and prices will be on the rise. If you are planning to buy in the near future, my only advice is – don’t try to time the market. A home is always a great investment.