Monday, December 13, 2010
Buying a home now is a no-brainer
This article explains why this is the ideal time to buy a new home if you can afford one. Back in January home prices had dropped 28% from their peak. More important, interest rates were at historical lows. By locking in a mortgage for 15 or 30 years on a value-priced home, you were getting an incredible deal, even if home prices decreased.
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2 comments:
It will surely be a good sign if more people started buying homes. This will help in the circulation of money and increase consumer spending. All the industries that are related to the housing industry will also see a boom with the increase in the purchase of houses.
It is obviously a great time to buy a house, what with dropping prices and extremely low interest rates. The economy will return back to normal, that's given. The economy is cyclical, so if looking for a good investment for the future, along with some wealth and good credit, then buy now. This is the perfect time for it and it won't last for long as the housing industry seems to be on its way up.
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