From Dr. David Eifrig in Retirement Millionaire:

For the past several years, I've kept you updated on the housing market. This April, I wrote that the market was still shaky. Although new home sales rose slightly, the total inventory of homes was rising as more foreclosures hit the market. It was a good time to start looking to buy a home.

But today may be an even better time to buy... This month, the Federal Reserve announced "Operation Twist" – the Fed's attempt to lower yields on long-term bonds, while keeping short-term yields the same. Shortly after the plan was announced, 30-year mortgage rates fell to less than 4%.

This makes it one of the best times ever to borrow for home ownership. For those of you contemplating a second home somewhere, I'd advise you to start looking today. As I've written before, we're probably within 12 months of the bottom in real estate prices in the U.S. for this cycle.

If you need some more convincing, read my friend and colleague Steve Sjuggerud's recent essay in DailyWealth. Steve explains why there may be no better opportunity to buy a home than now. You can find it here.

Crux Note: Retirement Millionaire is focused on helping readers live a wealthy life... no matter how much money you have in the bank today. In fact, "Doc" recently discovered a radical new strategy that could allow you to retire comfortably on just $10,000 in savings. To learn more, click here.

More from Doc Eifrig:

Doc Eifrig: These popular clothes could be making you sick

Doc Eifrig: Stop taking these expensive and ineffective drugs today

Doc Eifrig: Start taking advantage of the world's most powerful wealth-building secrets