Is This The Right Time To Invest In A Home?

Has the housing market hit bottom? Are interest rates and/or housing prices going to continue to decline? These are questions I am constantly being asked without having any concrete answers.


However there are Three Major Factors making this one of the best times to invest in real estate.


· Interest rates are at some of the lowest in history.
· Housing prices have declined in the last few years at some of the fastest levels we have ever seen.
· Banks are over-loaded with foreclosed inventory that they are very motivated to sell.


This rare combination of factors has provided a great opportunity to purchase properties at depressed prices. With the new economic stimulus package first time homebuyers are eligible to receive up to an $8,000 dollar tax credit http://www.federalhousingtaxcredit.com/. Also California home buyers who purchase new construction are eligible to receive up to an additional $10,000 dollar tax credit http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml.


The housing market has experienced many price corrections in the past and in most cases home values have rebounded very quickly. There is no reason to believe this trend won’t continue to happen in today’s market. Don’t be a person who looks back five years from now and wishes they had invested in real estate.