If you’re thinking about investing in a home or even become a real estate investor, experts say low home prices combined with low interest rates make this the best time in years to become a home owner or a real-estate investor.
What’s more, it looks like the real-estate market is beginning to recover: even though U.S. houses lost $489 billion in value during the first 11 months of 2009, that was still significantly lower than the $3.6 trillion lost during 2008, according to real-estate website Zillow.com.
“We haven’t seen home prices this low in so many years, coupled with the rates being so low,” says Jill Sjolin, an agent with Windermere Real Estate in Woodinville, Wash., who specializes in investment properties. “When the money is cheap to borrow and the houses are cheap to buy, it’s absolutely the best time to invest.”
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