Are you still renting? Now is definately the time to BUY 4 Bedroom Colonials in Bernardsville New Jersey!
Some families are trying to determine whether or not now is the time to buy a home. Some people are advising these families to sit out the current real estate market and instead rent 
for the next year or two.
I do not agree with this advice. Homeownership means a lot to a family. I realize that the financial aspects of purchasing a home today can be a concern; and you may be feeling that any advice given by someone in the real estate community should be immediately dismissed as self-serving. For some that may be true. That's not the case with me, however, for that reason, in this post, I offer the thoughts of three experts not involved in real estate sales:
"When we examine the relationships between mortgage payments and income and mortgage payments and rent, we see that these relationships have also reverted back to or below equilibrium points. In some cases, particularly when mortgage payments are compared to the cost of renting, home prices actually appear cheap."
"JPMorgan analysts said ‘the continuation of falling rental vacancies and rising rental demand will make home buying increasingly attractive', especially as rental prices increase."
Business School professors Eli Beracha and Ken H. Johnson
"Fundamental drivers now appear to be in place that favor homeownership over renting in the near term future...
The second finding might seem unwise to many given the recent crash in the real estate markets around the country. However, rent-to-price ratios now seem to be in place along with other fundamental drivers that favor ownership over renting...
Conditions (historically low mortgage rates and relatively low rent-to-price ratios) now seem in place to favor future purchases."
Bottom Line
Is it better to rent or buy? According to those quoted above, it seems it may be becoming a no-brainer. And, if you're buying a 4 bedroom colonial in Bernardsville New Jersey, it already is a no-brainer!
Are you still renting? Now is definately the time to BUY 4 Bedroom Colonials in Bernardsville New Jersey!
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