The perpetual motto of real estate salespeople that “it’s a great time to buy” is still a load of nonsense. It’s only a great time to buy when your personal finances, your stage in life, and the right home at the right price all come together at the same time.
Granted, you never know if the entire world economy is going to collapse tomorrow, driving home prices even further down than they have already fallen, but in my personal opinion, we’re close to the point today that home prices around Seattle line up with the current economic fundamentals.
Hopefully these posts will help you determine whether you have found a home at the right price if buying today is something you decide to do.
How To: Analyze a “Below-Market” Deal