Take a moment to consider these facts:

ü      You've never had more homes to choose from

ü      Interest rates haven't been this low for nearly 40 years

ü      Real estate is a great investment

I’m often asked whether now is a good time to buy a home? Mostly, I tell people that it’s always a good time to buy, as long as you’re buying the right home, at the right price, and on the right terms.

As you know, the housing market has slowed down for buyers and sellers nearly everywhere in the country.  Homes are taking longer to sell, and according to the latest Freddie Mac survey, house price appreciation has slowed to 4.9 percent annually from 13 percent.

Will housing prices continue to fall? That depends on supply and demand, economists say. Right now, sellers are holding onto their prices, preferring to keep their homes listed for months rather than drop their price.

And it may mean that now is a great time to start choosing a neighborhood and looking at the housing stock. If you find a house you like, and the home has been listed for the past 3 to 6 months, it’s possible that the seller is really ready to get rid of the home and cut you a great deal.

But take your time. In a buyer’s market (where more sellers have listed homes than there are buyers to purchase them), buyers typically have plenty of time to compare prices, amenities, neighborhood, commute and other features.

• Did You Know...?
  Mortgages follow fluctuations in daily bond market yields.    (New York Life)