If you are considering purchasing a home, now may be the perfect time. If you have the money and a secure job, you're a prime candidate. Real estate sales have dropped off in many parts of the country as buyers have feared the economic downturn. As a result, prices are falling in many markets.
In addition, mortgage rates have fallen close to historic lows, substantially reducing the cost of financing for buyers with good credit. When more people start buying, it will stimulate prices to rise. This will surely affect the economy positively.
Take advantage of this opportunity: If you are throwing money away on rent, STOP! If you can invest, DO IT!
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