Wednesday, December 17, 2008

New York Times "It May Be Time to Think About Buying a House"

In The New York Times article "It May Be Time to Think About Buying a House" written December 6th, the author warns potential first-time homebuyers not to miss this golden opportunity. Housing prices are down and although the bottom of the market can only be seen in hindsight there are many reasons why now is the time to buy. If you want a new home, many builders are running specials right now that probably won't last until the busier spring market. The $7500 tax credit available to anyone who hasn't owned a home in the last 3 years ends in April. Interest rates have actually come down more since the time this article was written and are now below 5% for a 30 year fixed rate conventional loan. Of course you'll also have the freedom of customizing your home without first consulting your landlord!

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