Everyday you pick up your local paper and read the front headlines about the housing market being the worst in over 23 years and right now is the worst time to buy a house. I guess if there was no bad news in the world then the news papers and the media outlets would have to close the doors and turn out the lights, because the statement of this being the worst time to buy a home couldn't be further from the truth.
When is the best time to buy a swimming pool to put in the back yard, or when is the best time to have your roof replaced at a great price or have any work done on your home? It is in the winter time! But why you are asking! Because the people that run the company's pass on discounts when the market for those items are not at there best, and they want to get sales on the books and keep there workers busy. So why can't that philosophy work for the current housing market. There is a current large inventory of homes to choose from and it is not the greatest of markets, so of course you are going to get the best deals, and the best part about it is with the stock market down that fuels the bond market which the loan rates are based off of and that means that banks can lend you the money at rates that have not been seen since early 2003. Not to mention the government wants to give you money for your down payment if your a first time home buyer. Now your next question will probably be one of these two. One, why have'nt we seen or heard of these great interest rates on loans and secondly, why would we buy a home when the value of it is going down? Both of these are great questions and the answers are simple, the media does not want to talk about good news because as we all know bad news sells and good news stinks, or controversy creates cash. The best news is also that your house will not decrease in value it will increase and with any kind of investment there will good times and bad and buying a home is still the best investment anyone could do. If you have any questions concerning the real estate market in St.Charles County Missouri please feel to visit my personal website at www.doncarrington.com