This question was asked in Dec. 2008 and I wanted to update the answer pursuant to the current Real Estate Market as of 2010/2011 calendar year. This would pertain to almost all areas to included zip code area's of 78669, 78654, 78645 and 78726.
Now is the best time to buy a home as the prices have dropped significantly over the past 12-18 months. When property prices decline, opportunities to capitalize present themselves. Whether you are a real estate investor looking to flip properties for a profit, or an individual searching for their first piece of real estate, declining property values present an ideal buying situation. Simply put------today is a buyer's market.
However, real estate prices will not stay suppressed over the long term. Don't let this opportunity pass you by! Whether you're buying, selling or leasing, you will need to find a REALTORÂ® to help you locate your ideal property. One with industry experience that has a firm grasp on the opportunities currently presented within the current real estate market.
However, most potential home buyers and sellers alike are taking it extremely slow and are looking before they leap. Even though, there are great deals on homes out there and interest rates are better than ever, people are simply scared and are holding on to their homes and/or money with a much tighter grip.
Subsequently, my recommendation is that you do not procrastinate and delay for too long! Currently itâ€™s a Buyerâ€™s real estate market; however, the market always fluctuates back and forth between a Buyer's and a Seller's Market. Also, alternately there are many other reasons why the market can shift; it may be due to variations in supply and demand and so on. Ask yourself what will cause the next shift in the real estate market and what will the next â€œMarqueâ€ read? Just know that it can and will change and when it does, can you afford the risk of it favoring your opposing situation------ be it Buyers and/or Sellers alike?
Hope this helps!