The answer kind of depends upon where you are looking to buy the real estate, but generally I would say "yes" it's a good time to buy real estate. The normal trend is for real estate to increase in value and interest rates are very close to decade lows. There's no need to hurry or anything like that, but it would be a good idea to buy before the market turns around and interest rates go up. It's a buyers market, so go out and find a bargain. Keep in mind that owning real estate is a lot more than just paying a mortgage. There are a lot of other expenses. But it's nice to have your own place.