Shoulda, woulda coulda . . . if I had a $1 for every time I heard this from SELLERS when the market was hot, I'd be comfortably retired right now.
Knowing when to buy real estate is akin to picking a stock from the financial markets . . . it's pure speculation. However, based on knowledge gained from various resources (and it's all speculation) now is a good time to buy (vs. the "right time"). Ask yourself, can anyone ever predict the "right time?" Your personal circumstances also play a major role in determining a good time to buy.
On another note, "short sales" appear to have an element of security to protect from future market declines.
Francesca Patrizio, Realtor Associate
Realmart Realty - An AFFORDABLE Way to Sell Your Home
$395 FLAT FEE MLS
Ranked #20 out of 436 Real Estate Brokers in Monmouth/Ocean County MLS in 2008