With supply high and demand low, it's a great time to purchase a home. With low interest rates, affordability is still the best it's been in 3 decades. Home values are stable and in many cases are on the rise; so we may have hit bottom and now may be the best time to purchase a home. For many home owners with higher interest rates they may find they can afford a larger home and not have an increase in their mortgage payments. For the first time home buyers, not only is affordability great, there is an $8,000 tax incentive for you to purchase. In many cases, the incentive will pay all or most of your cost of ownership the first year. It can't get much better than that. Don't let it pass you by!!
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