Yes, that is one of the most frequent questions that we are asked. The answer may surprise you, because it all really depends upon your personal situation.
Prices are VERY affordable today. Also, interest rates are at one of the lowest levels that we have seen in nearly 22 years in this market. In just about every other buyer’s market through recorded history, interest rates have been high. Low rates and low asking prices at the same time? Unprecedented! So, in most cases, yes, now is an excellent time to buy!
About the only exception that we can think of would be in a case in which you may need to re-sell within the next 18 months or so. Appreciation may or may not not be sufficient to break you even in the short term. Although, in the past month we have seen several instances wherein buyers purchased at way below market values and flipped the properties for some hefty little profits.