Many people looking at possibly buying real estate today have been waiting on the sidelines because of all the talk of the “bubble“. While real estate prices have been reduced in most areas of the country many buyers have decided it may be too scary to buy real estate now. The fact is that now may be the best time to buy real estate.

The reasons are as follows: first real estate prices have dropped in most areas of the country, that means as a buyer you can negotiate a much better deal on your purchase. Even if you have a home to sell and need to take a hit on the property you can make up for it on your purchase especially if you’re moving up in price; Second, interest rates are historically low and have again dropped as of today; the economy remains strong with unemployment low and businesses generally have very healthy balance sheets so economic growth should continue as business spends on capital improvements. On the macro front Asia and Europe are experiencing high levels of growth which will continue global expansion. The bottom line is that this pull back in real estate won’t last forever, so the real question, will you be ahead of the buying curve or behind it?