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Archive | September, 2010

Sep 22

Is Now a Good Time To Buy a Home?

Is Now a Good Time To Buy a Home?

The real estate market is a popular news topic lately. Before you form an opinion based on what you see in the media, realize that everyone has an ulterior motive. But if you want my opinion, the answer is yes. I remember a few years ago when people were lining up to buy overpriced homes at 6 and 7% interest rates. Now rates are in the 4s, home prices are down, and there really isn’t a lot of competition from other buyers. That means you can find the exact home you want, pay less money for it than you think, and have a much less stressful homebuying experience. And to top it off, today’s low rates mean you’re going to end up with a lower monthly payment than any of your new neighbors.