Now is a great time to buy as both prices are low and interest rates continue to be good. I understand that some buyers feel house prices might get even lower and therefore, wish to wait to get a better deal in the future. If that is the case, consider that interest rates may rise in the future so lower home price and higher interest rates could equate to roughly the same monthly payment (as a low interest rate and slightly higher purchase price).

Right, prices may not have totally bottomed out. However, the benefit of purchasing now is a great price and home ownership. There is value in having a home to call your own.

Housing prices will come back and start increasing eventually. People will always need a place to live!

Posted on Tuesday, February 3rd, 2009 at 2:19 pm and is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.