Is now the right time to buy?

A question on many American’s minds at the moment is whether the current housing market might just be primed and ready for a boost in home sales.  Atlanta mortgage rates are seeing cross the board reductions.  Some form of stability has returned to home mortgage rates.  The sub-prime mortgage woes don’t seem to have completely materialized in the nightmare manner that was previously being predicted.  And according to recent figures released by the National Association of Realtors, year-on-year comparable figures for home sales in June showed an overall reduction of 13.6 per cent., from 699,000 in June 2006 to 604,000 in June 2007.  Each of these indicators would certainly seem to suggest that right now is just about time to ring the buyers’ bell.  On the other hand, while we have clearly moved into a buyer’s market, before you rush out there and buy some prime real estate, keep in mind that there may be just a little more room for further corrections in the market that could end up saving you thousands of dollars.