So far this spring, it looks like very few people are ready to buy houses. According to a recent real estate article, single family home sales declined in May by 19%, a whopping factor.
The major reason for this decline is due to consumers feeling very uncertain about the current state of the economy, and its future. My take on it is this, if everyone out there is running away, you should run toward. And that is exactly what I am about to do, look for another home to purchase.
Now is the time. Especially if you have funding and can keep your existing properties, and branch out into more. I sincerely doubt that there will be a better time to buy property over the next 20 or so years, than right now.