Is Now a good time to Buy?

With the economy the way it is...is it really a good time to be buying real estate?  If so, should it be to keep or to invest?  In my opinion it is always a great time to buy real estate...there is always a deal in any market.  The good thing about now is that the prices are low and mortgage rates are down...are people really qualifying for these low rates?  Some are definately..the banks are tougher than what we have seen in previous years but funding in available....What are some of the issues out there with respect to buying and qualifying in this market
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September 28 2012 - Orlando
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Replies (14)

Great question Sandy. It's probably the best time in history to purchase. Of course that depends on how long you plan on keeping the home. If you're only going to be in the home 2-3 years, that might not be the best option.
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September 28 2012
The best time to buy is when you want to own a home and have the income to do it. Long term, it doesn't really matter. Short term could mean a foreclosure....
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September 28 2012
I agree. Now is a great time to buy! Especially in the Dr Phillips area. With Parkside opening up in just a month, home buyers searching for new construction in the 32836 zip code hit gold for the last time. For More Information Please Visit [Hotlink removed by Zillow moderator. Please see our Good Neighbor Policy for information.]
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January 23 2013
The right time to buy depends on whether YOU are ready, willing an able.

Home prices have been increasing and soon, interest rates will be too so based on the fact that values are currently still affordable and interest rates are still low for now, this is a good time for those who can purchase. 
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February 07 2013
Of course it depends on each individuals situation, however now is one of the best times in history to be buying, interest rates are at the lowest rates ever, inventory is still high and still a buyers market in parts of the country, and home values have dropped 30% or more in most areas of the country, the affordability rate is at an all time high....so yes, it is a great time to buy!
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February 07 2013
It depends on each person's circumstances, but if you are ready, willing, and able... now is certainly one of the best times to buy a home.  Perhaps the best we will see in our generation.  I don't know about where you live, but here in Colorado Springs, our inventory level is the lowest since 2005.  People are buying houses!  Do what's best for you, but always be aware the window of opportunity that might not be open too long. :)
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February 07 2013
Wow Cassie, we have the opposite. Over the past year our prices have gone up 31% in the Palm Springs area, and our inventory is down, but starting to build upwards slowly
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February 07 2013
As everyone has stated above, it is definitely a buyers market with prices and interest rates so low. You are right about banks being tough on giving loans but that just comes to show that if you qualify for a loan, you are more than ready financially to own a home. If you want to invest, it is always good to buy low and sell low, but if it is not possible, buying a home for yourself is a great investment in itself.
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February 07 2013
I would say it is a great time to buy. Interest rates are still record lows, the housing market in most places are showing signs of improvement.
Builders are starting to enter the market and that is a good sign.
If you are in for the long term this is the time, just don't expect to turn it around in a year or two. Live there and enjoy it.
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February 08 2013
Now is a great time to buy, rates are low and real estate prices haven't fully rebounded let alone start to inflate. Most numbers reflect consumer confidence is going up and new construction is starting to rebound. Good luck with your decision.
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February 08 2013
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It is an excellent time to buy in theory, however, at least in our market in Miami Beach, there is very little inventory. It is certainly not a time to wait around.
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February 08 2013
The best way to answer that question is... If you have the income and you are ready to buy for longterm (in other words you are mentally and financially ready), then yes its the best time in recent history to buy. Mortgage rates are at an all time low and home inventories an all time high. Various locations throughout the states will determine the "bang for your buck", such as the southern California area has high home prices, high taxes and high cost of living. Helena Montana on the other hand has relatively low taxes (no sales tax) and low prices for homes. Helena also is the Capital City of Montana so we have a large state government employment roster, the state Veteran's Hospital is here, we have the state Army and Air national Guard as well as some incredible hospital and college employment opportunities (to name just a few). So, for bang-for-the-buck Helena offers an incredible opportunity and ideal time to buy. I also have to mention the amazing quality of life Helena has to offer. Majestic Rocky Mountains, natural lakes, fishing, skiing, and a plethora of other outdoor activities for kids and adults. I'm pretty proud of where I live as you can tell.
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February 08 2013
Now is an incredible time to buy, if the inventory is available. Investing is a good idea as well since rents are increasing similarly. If you are looking in the Fort Lauderdale area, contact us!
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February 08 2013
Absolutely!  Prices are rising and rates are at all time low. 
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February 08 2013
 
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