Each market, even in the same city, is a little different. Always talk to your local neighborhood or market expert for an update. Here's at least three reasons why Spring 2008 is a smart time to buy.

1. Flexible loan options are available. Buyers with "ok" to good credit can obtain 100% financing, asset-based loans, and put little money down.

2. Interest rates are great. Buyers who were on the fence have jumped on the ability to obtain a good interest rate.

3. Less competition from other buyers. In my market, home buying season is in full swing by May. The market heated up in February, but there is even more competition among buyers during summer months.

A true buyer's market creates a win-win scenario: As  interest rates increase, your payment will be lower if home prices decrease. Here's a flyer that illustrates this point.

FINAL THOUGHTS ON TIMING THE MARKETING

You'll always lose when you try to gamble with real estate. Even the best stock market investors use data and criteria to decide best times to buy or sell. Speculating, buying only when the market is "hot" (i.e. a seller's market), and failing to do research are tops ways to put your investment at risk.

In any market, at any time, evaluate your area with a local expert to make an offer that's right for you.