Get Off The Fence. Get In Your House!

Despite the gloom and doom reports regarding the present state of the housing market I am thoroughly convinced that right now is as good a time to buy a home as any in recent years given the fact that home prices in our market have fallen between 10% to 15%. What this means in real terms is that a house that would have cost $200,000 during the so-called “boom years” can now be purchased for somewhere between $170,000-$180,000! Sure loans are not as easy to get as they were in the past but I think that is a good thing. The practice of lenders handing out money like candy are gone but there are options available for the first time homebuyer. If you are currently renting, have a steady job, some money in the bank and a relatively low debt to income ratio, do yourself a favor and grab your piece of the American dream while you still can. Prices may never be this good again.