Several local real estate experts have indicated that the real estate market is now at or near the very bottom! Where exactly are we on that bottom curve now? That exact location can not really be identified easily, not until the real estate market has already started recovering and prices began rising back up again! Then, and only then we'll all know the answer to that question.
This means, between now and then, this is obviously one of the best times to make that move up for home owners, especially with such a huge corporate owned inventory available now.
Even first time buyers -who are now required to provide a down payment- they can still benefit in many cases from the available "first time buyer" programs which provide especial solutions for down payment. Not to mention that interest rates are still at historical lows.
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