Could 2012 be the best time to buy a home in Decades?

March 20, 2012 by Shirleen Von Hoffmann Leave a reply »

By Teke Wiggin AOL Real Estate

As spring buying season approaches, potential first-time homebuyers would be excused for feeling uneasy about jumping into the real estate market. After all, pretty much all housing news since the bubble burst has been, well, bad news.

But this may be the perfect time for prospective buyers to test the waters.

As of December, home prices had plummeted 34 percent since the housing bust, according to the S&P Case-Shiller index. That means you could buy a home, on average, for the same price it would have cost in 2002. Along with retro prices, mortgage interest rates continue to hover around re

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