There has never been a batter time to buy Real Estate for the
once who can afford payments. Real estate
prices came down 20-40% depending on the area.
Mortgage rate is almost historically low. I
have been searching for a house for past 9 month. Would it be normal market I would have bought
a house long time ago but now I am looking for a deal and the house that I like
everything in. I believe there are few out there now.
Here are some useful resources for home buyers I use
sometime:
Check current average mortgage rate:
http://www.hsh.com/
http://www.bankrate.com
Both sites also have many tools and useful calculators.
S&P/Case-Shiller
Home Price Indices - Very useful resource
to see real estate prices history month by month and compare it to historical
events. This will also give you an idea
how low prices came down and might give you some intuition on where it might be
heading.
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/0,0,0,0,0,0,0,0,0,1,1,0,0,0,0,0.html