I've been asked that question a lot lately. Pretty much normal given the market fluctuations of the past year and all the 'rebound' news that's been coming out.

My comments will be from two perspectives. First, from the I need a roof over my head perspective. You need shelter . . . available options, rent or own. Generally speaking, Buying is the better of the two options for a number of reasons such as the current low interest rates and the investment over time angle. What else would a real estate salesperson say? Well, buying isn't always the best option depending on your situation. For example, if your work includes the potential to move you to another location your needs might be better served by renting. If you do not have sufficient job income history you may not yet be able to qualify for a mortgage. Down payment . . . many situations require at least 5% down so you may need to get into a saving mode first. The fact is Buying isn't always the best way to go. Talk to your Realtor at Century 21. Discussion and analysis of your needs and financial situation will help sort the question out for you.

Second, is it a good time to invest in Real Estate. Again, I would say yes but qualify that with a question - what are you trying to accomplish? Are you looking to 'flip' property, maybe after doing a renovation? Are you trying to generate a certain level of income from you investment? How long of a term are you thinking of for this investment? All these questions and maybe more need to be addressed before the first question about timing can properly be answered. Again, discuss with your Realtor. They can help you sort out a strategy even if that strategy is simply to answer the question . . . is it a good time to buy Real Estate?