There seems to be an abundance of buyers who are sitting on the sidelines these days waiting for the bottom of the market or for interest rates to be 4%. What are you waiting for when now is the time to buy! Interest rates are historically low and if you have good credit a good mortgage broker might be able to help you lock an even better rate. In this buyer's market, buying a home is a lot like dating, there are hundreds of homes to choose from in the Portland area, the KEY is finding the one who that brings you comfort, joy and affordability.
If you're renting you've probably noticed that your rent has increased in the past 6-9 months due to the people who couldn't afford their homes. With home prices in many areas less than they were a year ago...I'm advising my friends, family and clients to to think about investing in their future by moving up into a bigger home (more bang for the buck), purchasing a first home, get in while the market is down or invest in a second property for you financial future.
I believe the people who invest now will be more financially secure 10 years from now, than those who just sat there and said "what if, what if."
Cheers to a outstanding 2009!
Tom
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