It's Not All Gloom and Doom! Housing Prices Up!

The truth is there has never been a perfect time in history to be alive. There have always been wars, bad economies, and other situations. I think that is the way life is planned. Not to be too easy that we get complacent.

Over the last few months, it has been concerning to me where things might be going with the economy. I have been busier this year than last and I expect to make a better income overall this year than last. Although polls indicate the opposite for many people. It's those people who need to be in our thoughts and prayers in the hope that they can move forward.

June housing prices are up. Northern Virginia/Washington, D.C. bottomed out in 2009. I agree, I could buy an investment property then easily and for almost half what I can get one for today, if I can find one. The D.C. market is one of the best, if not the best , in the nation. Over time, prices will continue to go up so now is the time to buy. Interest rates are historically low. As long as you have decent credit and a minimal downpayment (None if a VA loan), you should be in the market to buy a home especially if you are renting. Are you aware that in some cases rents are higher than a mortgage payment. Do a quick analysis at my website and see if you wouldn't be better off buying than renting.

As for the rest of the nation things are looking better even in Cleveland and Detroit. Keep it positive!

An article on the subject from marketwatch.com

If You are wondering what a good credit score is here is an article from Aug 29, 2011 in Forbes (via Yahoo).