HUD Homes and Foreclosures Still High, But Analysts Recommend Buying
The rise in the number of foreclosed properties and HUD homes has precipitated a decline in homeownership interest in the U.S. According to housing industry experts, the foreclosure crisis turned a lot of people off from home-buying. However, a lot of them are saying that now would be the best time to become a homeowner. Source: Foreclosure Connections Blog Articles And Foreclosure Information
Yes, it is a good time to buy but again it depends on your financial record, savings and overall whether or not you think you can afford it. It makes little sense to purchase a property that you won't be able to pay for in a few years.
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