Why now is the time to buy a home...
1) Interest Rates - They are the lowest in history. They will never be this low again in my opinion.
2) No Inflation - When people realize this they will understand prices have hit bottom. You don't want to chase house prices with multiple offers in the future on the way up.
3) Hedgefunds are buying property NOW. They are using almost 7% of their capital for real estate now.
4) Home Builders stocks are going up for the first time since 2006.
5) Construction index is moving up.
6) Employment rate is edging down now.
7) The media reports pessimistic stats about the whole country. They are lagging indicators. We live in the South Bay!!
8) Location, Location, Location we have... Now we also have Timing, Timing, Timing!!
9) Cheaper to buy than rent in most area's.
Don't look back 5 years from now and regret not buying a home when you had the chance.
One more additional source.. The Real Estate Blog