I am asked this question daily and the truth is it depends on your specific needs and goals. For most in Orange County it is a great time to buy real estate. For instance, if you are paying rent NOW is the time. Interest rates are very low and the housing inventory is great! While I have noticed there are fewer homes for sale in South Orange County, there are great homes available at great prices. With all the tax benefits of home ownership and the new tax credit for first time buyers, why wait?
If you have been thinking of buying a home but are not sure if it is the right time for you, email and lets talk soon about what your needs are for 2009.