Now is a great time to buy a House!

Of course we all know about the housing market crisis by now. Prices went through the roof (no pun intended). Builders over built. The sub-prime mess contributed to the current economic downturn. Yes it obviously is worse than most of us expected (me included). But the great reality is that out of every "disaster" comes opportunity. And you may just be in a great position to benefit from this crisis. Yes it is a great time to buy a house!! It is a phenomenal time to buy a house. Supply is greater than demand and that means home prices are down dramatically. So are interest rates. I just refinanced for 30 years at 4.875%. An important thing to remember however is that it is also a tough time to sell a house. So you will need to take that into account. But if you are currently in an apartment, have good credit, and can manage a reasonable down payment, go for it. And remember, the new stimulus bill is going to give first time home buyers a nice tax break. While I hate government give aways we'd all be fools not to take what they're offering.