Is it Time To Buy A House?
June 22, 2011 0 CommentsIf you are like many people who
have been sitting on the sideline wondering if it is time to a
house there are a few things you should consider right now. These
are;
- Home prices are a fraction of what they were five years ago
- Mortgage rates are at historic lows
- Resale home prices are considerably less than their replacement cost
- There are many bank foreclosures and short sale opportunities available
With home prices still declining in certain U.S. cities it is not surprising that people are waiting to see if they will go down more. The real question is if you can purchase a home for an amount comparable to renting and get mortgage interest deductions on your taxes should you wait?
If you are buying a home for speculative reasons the factors may be different than buying a house to live in. If you are going to ...
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