Buying a condo now

With mortgage interest rates near record lows, inflation well within reason and employment holding steady, there is no shortage of people who want to buy real estate. But in this current market, many are taking a wait-and-see stance.

At OwnACondo.com, we sometimes hear from people that they are "waiting for the market to reach bottom" before buying. A problem with that reasoning is that the so-called bottom probably won't be recognized until it is the rear-view mirror and real estate prices are increasing again.

Another reason to possibly rethink that waiting strategy is that all real estate markets are local, and what the analysts, pundits and commentators say about real estate as a whole may not reflect what is going on in your community, or the community where you want to live.

Check out this article from MSN.