home buying: Yes you should STILL buy a home - 06/15/11 11:24 AM
So many figures and news stories these days. Foreclosures and short sales and strategic defaults and bank defaults (yep,over 200 in the last 18 months). Plummeting housing prices, stricter lending guidelines and down payment requirements that are tough for many people (and will get tougher). Affordable housing programs that don't seem too affordablen anymore (i.e. FHA!). When will it end?
I say there's no point in worrying when. I also believe in local real estate trends over national ones. Most of the figures that we're hearing are real, though, and daunting. Over 35% of all mortgages are underwater. It's projected that … (3 comments)