REALTORS are bullish on home ownership, so we tend to say it's always a good time to buy - provided you plan to live in your home for a while. But if you take that advice with a grain of salt, listen to what some others have to say about the current climate for home buying. Even Warren Buffett has found home ownership to be a good investment.
AOL Daily Finance: Is It Finally a Good Time to Buy a House Again?
"...independent analysts are now saying that the sweet spot ... read more
Some say housing is headed for a double-dip....but Shawn Tully of FORTUNE points out that the real dips are in pricing and housing starts. As demand continues to grow with the population, the almost flat levels of supply and continued affordability of housing should send real estate back in the upward direction.
Real estate: It's time to buy again
Forget stocks. Don't bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.
Click here for the fu... read more
The Obama administration's proposals this morning to extricate the government from mortgage lending sounded the death knell for Freddie Mac and Fannie Mae. They weren't good news for homebuyers, either. In the proposals were changes that will mean more expensive mortgages, with higher fees and, probably, higher interest rates, larger down payments and, in the near term, fewer lenders to choose from.
Read more: Why You Should Buy that Home Now - SmartMoney.com... read more
In MSN's inaugural Buying Advice column, they offer a few reasons why shopping for a home during the holidays holds some advantages:
- Sellers who keep their homes on the market at this time are very motivated.
- You have less competition from other buyers than you would in the spring.
- Lenders, agents and others have more time to work with you.
- Interest rates are typically lower than in the spring.
Despite what most people think, homes are still bought and sold during the ho... read more