The Time to Buy is Now!
“In this kind of economy, we can’t be sure of much, but if you have a stable job and expect to live in the house for ten years or more, then the benefits of buying in the near-term appear to outweigh the costs at this time. Even if prices decline a little farther, rising interest rates could wipe away a big portion of your purchasing power if you wait. Stricter financing requirements could also make buying in the future tougher. Unless some really drastic economic shocks create a deep double dip recession, it’s hard to see how buying now could be a big mistake, if you’re in the right position to do so.”