Low Prices, Low Rates Mean Opportunity, an article from Realtor Magazine Online, reports now may be the best time for first-time buyers to jump in. Housing prices have fallen and interest rates are close to 5.5%, and may even fall as low as 4.5%. In many parts of the country, winter is usually a great time for bargain shopping. Also, new homes are becoming scarce and a steep drop-off in the inventory of new homes is expected to come soon. Location, location, location is still a rule. Purchasing the best-priced house in a great neighborhood is always a good bet.
http://www.realtor.org/rmodaily.nsf/pages/News2008120806
http://www.realtor.org/rmodaily.nsf/pages/News2008120806
