Coming from someone who just bought a new house (well not really new... it was built in 2004) now is a good time to buy.... particularly if the builder has built the house on spec. They have a lot of inventory now and the market is still down. You can get a good price on a house that is already built as the builders are pretty desperate to reduce their inventory.
I doubt if you will get much of a deal if the house hasn't been built yet.
Frankly, I prefer to buy a house that is already a 3 or 4 years old. That way, if there are any problems they have already been fixed or are readily apparent.
|