The news is a troubling vessel of misinformation, yes I said it. All you hear is, foreclosures, home prices spiraling, we are at the fringes of a depression. Then, after the commercial we here, now‘s a great time to buy, interest rates are at a all time low, house prices are at their lowest.
How can a first time homebuyer make a decision?? You can convey the economy in shambles, banks not lending, and turn around and tell our first time home buyerss to buy??? Let me help with the message; ignore your news, it's not exactly city related; and if you are in a city that still seeing growth, then yes, it truly is the time to buy, even become a landlord, these rates and deals won't last forever. Housing will always run in cycles, look at history, it doesn't change. What you lose in your home you may have now; you will double on the next end.
If you are renting, and your credit is good, you have everything in your favor... Really! Buy a house, and turn around and get $8,000 from the government, if you are eligible??? Sign me up!!! Contact your local Realtor and take advantage of an opportunity that you may never see again....
Now is the time to buy and sell, just look at the finish line, you will be the winner in the end.
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