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First-Time Home Buyers Benefit from Recent Market Trends - Is It Time to Buy My First Home?
Here is excellent info for anyone trying to decide if Now is better than Later to buy a home.
I might add:  The more espensive the home you are considering, the more advantageous NOW is going to be...as to later when interest rates and prices are going to be higher.
THE QUESTION - TO BUY OR NOT TO BUY
Recently, a first-time home buyer asked "Is now the time to buy my first home?"  Well, there is no simple answer to this complex question.  Real estate professionals aren't necessarily the best equipped to predict future economic conditions.  However, real estate professionals do monitor current trends as well as historical trends in local, regional, and national real estate markets. 
NATIONAL TRENDS INDICATE THAT THE TIME TO BUY IS NOW
Presently, there are three key national trends which provide support for the position that now is the time to buy:
Housing Affordability Index:  The National Association of Home Builders recently released its Housing Opportunity Index which showed that 72.3% of all new and existing homes homes sold in the second quarter of 2009 were affordable to families earning the national median income of $64,000 using standard underwriting criteria.  Compared to 2008, this represents a strong positive ... more

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