With homes prices depressed but rising, is this a good time to buy a home?  

You’re damn right it is.  With 30-year interest rates under 4.5% and 15-year rates under 4% you can’t go wrong.  (Let’s presume that you have a stable J.O.B. and are not upside down in your existing home)

My wife and I financed our home on a 15-year mortgage.  Then, as the financial advisors tell us, we mailed in another $100 each month and paid off our mortgage loan in 12 years.  You’ve never had so much money as when you don’t make a mortgage payment.  These unprecedented low rates make this possible for more home buyers than EVER before.

Bottom line…actual conditions vary “on the ground” not every market is behaving poorly and not every market is behaving well…do your homework!

This link is to an article on consumer confidence and prices that provides added insight… http://yhoo.it/9xUjDa