Today on the front page of MSN is an article suggesting that this might be a good time to rent. Well, yes and no! Luckily with today's market, buyers can actually have enough inventory to make their own choices on the best home for them. No more of the looking at the only three homes available in your price point and "have to write it today, because it won't be here, if you wait"---no more of buying in the only available neighborhood, instead of the area that you wanted! You can actually chose and "think" before you sign on the dotted line.
That sounds pretty reasonable to me. Buyers in the higher price ranges have generally had those options, but first time buyers haven't had that luxury in a long time.
A client just asked me if I thought they should just rent awhile-----Well, they are pretty specific buyers. They only want one area, has to be a least an acre (mostly tract homes around that area), has to be a specific size. I'm not sure they should pass on something that is a good fit for them because there will never be many homes that will fit their requirements.
I agree that first time home buyers don't have the pressure to buy immediately but still they need to get in now as the prices are lower. I have lots of mixed feelings----What is your feelings on this?
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