Is now a good time to buy?

If you have been wondering whether now is a good time to buy a home, consider this:

• There is a great selection of homes on the market.
  
• Interest rates are at or near historic lows - the rate of a 30 year fixed rate mortgage is averaging about 6.5%, lower than it's been at most any time in US history
  
• Homes have substantially increased in value over time - the median price of a home has risen nearly 900% since 1971