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the perennial question...........I think is a good time to buy,but all depends on what motivates you, or your personal needs and situation.
Buy now or pay more later! Rates are historically low and even if you have a home to sell, now is a great time to move!! You may sell for less than you had hoped, but you can usually recover some of that on your pruchase if you have a good agent to negotiate for you. It is just as important for the agent to be "skilled" in helping you Buy your new home as it is for them in selling it!!
"Time to buy" is a relative thing. If you are not wanting to rent anymore, if you plan on staying put for a while, if you are getting a great deal, if you are moving to a particular school district for your kids (big one for me), then buying might be great for you. I actually bought my home just before the market crashed, and regardless of what everybody says about it losing value (and it has) I love this home. I love the neighborhood, the school district, etc. and I have no regrets about buying it.If you are buying a home for all of the right reasons, then you will be happy with the purchase.
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