 TITLE: When Is the Best Time to Buy a House? CONTENT: Why Economic Conditions Could Be Important\n------------------------------------------\nAnother factor to keep in mind for timing your home purchase is what's happening in the economy. For example, in a recession, regardless of the time of year, real estate markets often turn into buyer's markets where homebuyers have the advantage. Additionally, the Federal Reserve often lowers interest rates during downturns, which results in cheaper mortgages.\nAn economic recession could also translate to lower price tags on homes, and you could face less competition from other buyers. For a homebuyer in good financial shape, these factors can result in big savings. The downside of buying during a recession is that lending requirements may be tighter, so your credit and financial health need to be in solid shape. END