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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved