VIDEOS from Prudential Financial, Inc. Available on Is it Time to Buy Real Estate?

Mar 14, 2011, 19:51 ET from

NEW YORK, March 14, 2011 /PRNewswire/ --

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Close to record low mortgage rates, high housing affordability and economic growth may all be signs that now is a good time to consider purchasing a home. The drop in residential real estate prices over the last two years means for many, including some first time buyers, that there is an unprecedented opportunity to purchase real estate. Although consumers recognize that it is a good time to buy or trade up, concerns about the price sellers can get for their homes is holding up the market. A new survey of home buyers and sellers by Prudential Real Estate and Relocation Services, Inc. shows that Americans are feeling confident in the recovery of the real estate market. In fact, 68 percent surveyed believe that the market and property values will recover in the next year or two. In addition, 86 percent stated that they believe that real estate is a good investment despite the market volatility of the past few years.

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Story Id: 22021