Home Building Market Sluggish - Buyers Market

With the home building market cooling off from the last few years of progress, there is no better time than now to buy a home. Low interest rates and a heavy supply of homes in inventories makes for a prime buyer's market. The definition of a buyer's market is typically when more than six months of home inventory is on hand, or in inventory. The recent rash of foreclosures has flooded the market and sellers are looking to cash out, leaving home buyers with a serious advantage. Unknown to many, the upcoming Fall-Winter season, which many think is a regular buyer's market, is actually a very good time to sell a home. While there might not be as many buyers, there are likewise not as many homes for sale, thus driving up the sale price of the few homes that are on the market. Home ownership does come with such details as making your own home repairs and landscaping, but in the long run you will be investing in something that will shelter your family in more ways than one.