There is no wrong time to buy real estate, regardless of the market, regardless of the interest rates.  I’ve turned a profit on my properties through good times and bad, every year for the past fifteen years.  An advantageous time to purchase is in a buyer’s market when mortgage money is hard to get, interest rates are high, and sellers are having a difficult time moving their homes.  If a seller is motivated to move his house quickly, you can usually bargain effectively on price and persuade him to finance a large part of the deal.  A seller’s market occurs when there’s plenty of money for new home buyers at competitive interest rates and a seller can sit back and choose the best offer.

But if you’re patient and careful in your selection of residential property, you can find a good buy and sell at a profit.  You must, of course, remodel your house beautifully, but if you’ve got quality, you’ll sell.  It makes absolutely no difference what day, month, or year it is.