Is the time right to purchase a second home cabin?

It seems that buyer traffic is picking up and those who have been looking for a cabin are getting serious about a purchase.  Is the time right?  Mortgage rates are almost the lowest we have seen in years and stable at 4%.  Real Estate prices are the lowest we have seen in many years, are they at the bottom? I don't see any way for the rates to go lower and as for prices except for the banks there is an amount where diminishing returns comes into play.  (Why sell at that low price we might as well keep it.) We have seen banks place there properties for sale at extremely low prices which creates a bidding war for a property and usually sells for more.  So properties here in the mountains do have a floor (dollar amount) and we seem to be at it or at least very close. I believe investors buy low and sell high so if this is the low then it makes sense.