A Good Time to Buy

The 2007 National Housing Pulse Survey from October 2007, indicates that 59 percent of Americans think .
And yet, these are the figures that are completely out of sinc with logic :
    = Existing Homes Sales dipped to 4.97 million in October, the lowest since 1999
    = New Homes Sales counted 728,000, just off its 12-year lows
    = The supply of homes on the market is now at 10.8 months

Can you believe the power of the press? Only the negative thoughts are spewed out by print and TV to fill space. And their audience absorbs it. Thus, many are missing some prime opportunities.

Yes, home values are relatively low and so are mortgage rates. What appears to be happening, however, is mortgage guidelines are getting tighter by the week. Even strong credit borrowers coud well have financing difficulty as soon as six weeks from now. It looks like now is a good time to buy if you consider the strong possibility that financing may be too challenging soon for some.