Is now even a good time to buy a house?

Looking at home prices since a year ago, or hell, even the beginning of the year (January), it seems home prices have shot up drastically, resembling pre-2008 increases. This is especially apparent in major cities (such as Washington DC).

That being said, is now a good time to buy then? Are we in the midst of a bubble? Common real estate wisdom states to buy low sell high. It seems like buying right now is more like Buy high, then sell low once the market enters its bust cycle…

Thoughts?

More real estate tips at Program Realty Wix site

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