The Ultimate Spring Home Buyers' Guide
Source: U.S. News & World Report | April 18, 2011
Uncertainty remains in the market, but experts say purchasing a home is still a good long-term investment. Traditionally, spring is when prospective home buyers come out of hibernation and begin the hunt for their next residence. But with the economy still in flux, budget battles raging in Washington, and a housing market on shaky ground, many house hunters are wondering whether it's the right time to buy. Some experts say the worst of the housing slump is over. "I'm hopeful the spring will be better because the job market is improving," says Celia Chen, senior director at Moody's Analytics, who expects housing prices to bottom nationally by the third quarter. Despite the uncertainty, experts say for Americans poised to plant roots, the market climate can't get much better. "Confidence is building, prices are down, interest rates are wonderful for a 30-year fixed rate mortgage. It's a good time to borrow money," says Dorcas Helfant-Browning, managing partner at Coldwell Banker Professional Realtors. To help consumers sort through the pros and cons of buying this spring, U.S. News gathered house-hunting advice from the experts. [Read this article]
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