I have been asked this exact question so many times by buyers and investors in the past few months that it amazes me. My feeling is that it is the perfect time to buy due to the fact that we are in "the perfect storm scenario". What I mean by that is this is one of those times that the public will look back 5-10 years from now and everyone who didn't buy will be kicking themselves. The "perfect storm scenario" best describes the combination of drastically low prices and the historically low interest rates that are currently available.First time Buyers are also getting "free money" in buyer incentive programs from the Obama administration to entice buyers even more. Can it get any better then that? Rock bottom prices, historically low interest rates, and government backed buying incentives. So I ask the general public, Is it the right time to buy?
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