Time Article – Do Not Wait to Buy

“When will the market hit bottom?” “What if home values continue to drop further?” Many people are concerned that we have not yet seen the bottom of this housing market cycle. It’s possible that we have not, but it may end up being less expensive if people purchase property now rather than trying to time the market and wait for the day it hits bottom. 

This is a great article from Time Magazine about why now is a great time to buy. It explains how even if home values drop another 10% in the next 12 months but rates go up 1/2% the consumer would still end up paying the same monthly mortgage. With the combined elements of low interest rates, low home prices and lots of inventory to choose from, this may be one of the best markets to buy in that we will see for quite awhile!