Ignore the headlines.  It is true housing is in a slow down period but there is a case for buying now!

When prices are falling few people have the discipline to buy real estate, stocks, bonds, or any other assets.  But to those who do decide to pull the trigger during these times, the rewards will be be great in their future.

And although the current housing market may or may not be in its final stages of bottoming out it is certainly "Near" the end of its negative trend.  And if you are a ready, willing , and able potential buyer, whom plans to purchase and stay in that home for the next 5 years or so, then you need to consider getting very serious NOW.  If you continue to wait for further declining home prices,  then you just very well could be wasting away your potential advantage as the inevitable rise in mortgage interest rates will wipe out that advantage.

Consider this case.

Current home sale price:  $218,900;  Current Interest Rate: 5.5% 30 year fixed; Monthly payment $994.31

Waiting 1 year for a 10% reduced home sale price:

           Sale Price:        $197,010;  Interest rate in 1 year: 6.5%  ;   Monthly payment $994.94      

In this scenario, you have waited 1 year in the hopes of a further 10% decline in the housing market, you have given away a great interest rate, spent another year living or renting someplace where you did not want to be and you have saved $0000000000000000000.

Call me and let's get you on the path to buying a home today at a great price and a great interest rate!

I AM AT YOUR SERVICE.