Prospective home buyers are proceeding with caution this spring due to uncertainties in the housing market and broader economy, but experts stress that low property prices and borrowing costs make it the right time to buy. However, Keith Gumbinger of says buyers will need a credit score of at least 740 to qualify for the best pricing; and they must fully document income and assets plus have a low debt-to-income ratio. Others say that buyers need to be prepared to stay in their homes anywhere from five to eight years or more to break even, buying for a place to live rather than as an investment. | Read More