If you listen to the evening news, chances are good you've heard some negative news about the real estate market recently. The housing market continues to drop, another large financial institution declares bankruptcy, foreclosure rates remain at their peak, etc. It's no wonder many buyers are afraid to purchase a home!

You may be surprised to learn, then, that many experts believe it's actually an excellent time to buy! This is especially true in the Rochester area. Why? Here are just a few reasons:

Interest rates are low (hovering around 6% for a 30-year loan), which can save you a bundle over the course of your loan. In addition, the subprime loans that got many homeowners into trouble are nearly nonexistent.

Prices are stable! The Rochester area never even saw the decline in prices that created turmoil in many parts of the country. Our prices have actually seen a slight appreciation during the "down" market!

It's a buyer's market! There are more sellers than buyers, so the inventory of homes is relatively high and listings are spending more time on the market. That means it's a great time to swoop in and snatch up some good deals.

Owning a home has more tax benefits than renting. You can deduct all sorts of things on your taxes, such as mortgage interest and property taxes.

Still not convinced? How about the first-time home buyer tax credit? This interest-free loan up to $7,500 is only available for about seven more months.

If you're ready for the responsibility, owning a home can be a wonderful and rewarding experience. Just make sure you have a good buyer's agent by your side to guide you through the process and negotiate on your behalf!

The time is right. Go for it!