Harvey,
Of course, being a Realtor, you would expect me to say yes so I can get paid. I'm not that type of person though... if a client is not in the proper situation to purchase real estate, then I will tell them that.
Now that I have said that, yes, now is a good time to buy. The current market conditions point us to a buyers market. Prices never inflated as much as they did in Florida or California, so we do not have much room to go down in value, and there is only one other way. If you buy new construction, some incentives are worthwhile, although they can just take the value of the incentives and deduct it from the sales price.
I hope this answers your question. I just answered a question like this in my blog today. Please feel free to check it out at
http://www.ChadHuck.com. - Tue Apr 15 2008, 18:33