Friday, March 07, 2008

CNN Confirms... Now is the Best time to buy

Housing: Best time to buy in four years
Home values have declined across the country, giving homebuyers the best buys they've had since 2004.
By Les Christie, staff writer
Last Updated: March 5, 2008: 10:40 PM EST

NEW YORK ( -- It may be the best time to buy a house in more than four years.

Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004, according to a report.

The Cleveland-based bank National City Corp. (NCC, Fortune 500), together with financial analysis firm Global Insight, revealed Tuesday that more than 88% of the 330 housing markets surveyed showed price declines and improved affordability during the last three months of 2007.

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