If I were looking to buy my first house, I would do it NOW!

1. House prices have decreased considerably making a purchase for a buyer a bargain. 

2. Interest rates are low, low and, if the buyer thinks the offered rate is too high, can probably negotiate for a lower rate. This is true particularly if the buyer is looking at foreclosed property and has excellent credit plus a more than ample down payment.

3. Sellers who are looking to unload their expensive properties will be willing to negotiate with the buyer so as to shorten the sellers market time. Currently, inventories are extremely high (in otherwards, existing housing sales are almost standing still).

I reiterate, it is a buyer’s market. Maybe not for investment purposes but for purchasing your very first property to use as your residence (live in).
The one, especially, important fact to remember is that we all have to live somewhere, somehow and I happen to believe owning is now more of a bargain than renting.

Guide To Buying Your First House

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