"Enough with the doom and gloom about homeownership." - Wall Street Journal 9/16/2010
WOW! This quote came from the Wall Street Journal where they are calling for the end of the ‘doom and gloom' talk surrounding real estate. Horrah!
We are finally seeing some truth surface about homeownership still being part of the Amercian dream. And it does feel like it is about time doesn't it!
In The Wall Street Journal article last week, 10 Reasons To Buy a Home, Brett Arends reported:
"Sure, maybe there's more pain to come in the housing market. But when Time magazine (September 6) starts running covers that declare "Owning a home may no longer make economic sense," it's time to say: Enough is enough."
Personally Brett I am glad you have spoken up!
Brett then posted 10 reasons to buy a home today:
- You can get a good deal.
- Mortgages are cheap.
- You can save on taxes.
- It will be yours.
- You'll get a better home.
- It offers some inflation protection.
- It's risk capital.
- It's forced savings.
- There is a lot to choose from.
- Sooner or later, the market will clear.
What are others saying?
Fannie Mae just released their National Housing Survey. The survey reported:
70% of respondents think it is a good time to buy a house (of which 36% think it is a very good time to buy), up six points from January. This is also four points higher than the 2003 survey - well before home prices peaked - when 66 % said it was a good time.
So the consensus is...It is a good time to buy. Owning a home is still part of the dream! Call your realtor today!
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EXIT Realty Achieve - your realtors for Smithtown, NY
956 West Jericho Turnpike, Smithtown, NY 11787
631-543-2009
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