The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report.
Harvard Report Says Real Estate Investing is Good Idea
The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents.
However, there was also information buried within the report that revealed that now is definitely the time to buy.
With home prices still below peak values and mortgage rates still near historic lows, the monthly mortgage payment on a median priced home is less than almost any time in the last 25 years.
With home prices increasing and mortgage rates historically low and projected to increase, NOW is the time to buy.