Another worthy story in the LA Times last week that I wanted to get posted for clients on the fence, and Realtors who are welcome to re-post.  As we ALL know, this is the time for first time buyers to take the plunge.  Prices are down (possibly all the way before they start back up) and interest rates are insanely low.  Factor in the $8,000 first time homebuyers credit, and you have the perfect storm for first time buyers ready to get into the market.

This is a great article that will help consumers get an idea of what they need to be prepared for as they begin their search.  From analyzing what you can afford to preparing yourself for the initial expenses you'll incur during the purchase (and after), this is a great read.

Full story HERE....