When is the time to buy has always been one of the most important questions in the purchase of any real estate transaction.  Are prices at the bottom?  Do I wait thinking that prices are going lower?  What if I wait too long and miss the bottom?  All of these questions can make for quite a confusing decision on your next purchase.   Ideally you would like to know exactly when the bottom of the real estate market is so you can make your purchase with the hopes of the market rebounding.  This way you could build equity when market prices rise.

Many people believe we could be at the bottom right now, with this being the best time to buy a home.  Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a Fannie Mae survey released April 6.  The 64% that said it is a good time to buy is just shy of the 66% that said the same thing in 2003 as the U.S. housing market was racing higher.

Click here for full survey results.