If you are in the financial spot where you can afford a home...this is the perfect time to buy. It's what they call a "buyers market". There are more houses for sale then there are buyers, also...not sure what state you are in, but a friend of mine got a foreclosure in San Diego, CA that appraised at $1.5 million...she literally got it for a steal at $350K! You want to pay special attention to foreclosures and "motivated sellers", take your time and MAKE SURE you get an excellent real estate agent. One that lets you take your time, that listens to your wants and needs....good luck!
at 5:05 PM on Aug. 14, 2009