There is no doubt that first-time homebuyers have been stimulating the housing market in these tough times.  In fact, most of these first-time homebuyers are between the ages of 35 and 45.  This age demographic has accounted for around 45% of all sales for the year.

“This is a historic time,” says George Jaramillo, a 35-year-old business analyst in Atlanta, who recently bought three homes, two of them foreclosures. “It’s a great opportunity to make some great gains in the future.”

A study by investment company T. Rowe Price points out that investing when prices are low can result in amazing gains.  For instance, between 1970 and 1990, the annualized rate of return for the S&P 500 was 11.5%.  With affordability the way it is, it may be time to pursue your dream home.  In times like these, it is more feasible to make these dreams a reality.