So, the $8,000 first time home buyer tax credit is gone. Now what? You missed the buzzard, and what motivation do you have to run out and buy a property, right?
Well, did you know that in late June interest rates hit the lowest point in HISTORY? For a 30 year fixed rate mortgage, you're looking at mid-4%'s if not lower today! Oh, but we are in the "worst housing market."
Worst housing market = Best time to get the best deals
Lowest interest rates in history = Your chance to save hundreds of dollars on your monthly mortgage
Let me ask you, does the low interest rates and low housing cost give you enough motivation to get out and purchase a property? If not, what else do you need to make it happen? Higher interest rates, higher housing costs?