The economy is picking up steam; albeit slowly. The depressed housing prices of today will be fading soon. Those that are trying to time the exact bottom of the housing market had better get ready to buy. Another opportunity like this may never come again.
The buying power for civil servants (and others with steady jobs and income) which is at it's peak now, will dissipate as banks start taking on riskier loans. Prices will start rising, and there will be more competition for homes. Right now is the perfect time for those who have long wished to own their own home to jump in and take the plunge. We still have a fantastic (for buyers) combination of low prices AND low interest rates.
For those that think prices will keep sinking, and interest rates will remain low; they are mistaken. Our economy is cyclical; with many leading indicators pointing higher already, it's just a matter of time until prices and interest rates follow. Housing has always a lagging indicator, don't wait to it's to late to realize your dream.
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