There are some good news for home buyers: 30-year mortgage rates have dropped back down to their record low mark. This, combined with the generous government tax credits in place for virtually all Americans to buy a home, has made it a great time to buy a home.

Foreclosures also remain high, meaning that there's significant pressure on prices -- it remains a buyer's market in most areas. Those factors combined sound like a good recipe that should result in a great time to buy a home.

While it's never possible to say with full confidence that any time is the best time to buy a home, it's hard to see right now as anything other than a pretty good time to buy. It appears to be a buyer's market in every imaginable way.

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