Is it time to buy?

Since 1970 the real estate market in California has only dropped seven times, six times under 3.6% and only once at 4.5%!!
The reality is that current housing market offers a unique opportunity for buyers looking to make long term investments. According to LA Times mortgage rates are historicaly low, the lowest they've been in four years! Don't sit around! Acting sooner than later at this point could be a smart strategy. In the last 15 years we've seen very few opportunities in realtion to the current real estate situation. I'm looking to invest this year. Are you?