Despite all the bad news reports about the economy's desperate condition, this is still a great time to buy a home. Exceptional opportunities especially if you are still renting from someone else. Stop paying your landlord's mortgage and start building equity in a place that will eventually become your own.
Take the time to read this article that lists "10 reasons to buy a home" ; Here are the "Top 3" reasons to intice you.
1) Homes are selling for 30% below the average market value due to large supply of houses for sale.
2) Mortgage rates are approx 4%; Interest rates are the lowest cost for borrowing in years.
3) Start building your personal wealth thru home ownership. Often you can purchase a home at a discount that already has equity at day of closing.
These factors alone make it a great time to get a deal;