What did you say? Now is the time to buy real estate?
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By Phyllis Brookshire
It seems like everyone is talking about the fact that now is the time to buy real estate:
•“With home sales starting to improve, and with prices now possibly forming a bottom, real estate could well be the asset class that represents… the best low-risk buying opportunity out there today.” – Wall Street Journal 1/26/2011
•“Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.” – Gallup 1/17/2011
•“I’m pretty sure this is a great time to go out and buy a house. And if you do, in 10 years you’re going to look back and say,”You know, I‘m glad I listened to Donald Trump.” – Donald Trump January 2011
•“If you don’t own a home, buy one. If you own one home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.” -John Paulson November 2010
•“For people with a realistic version of the American Dream, buying a house now can make a lot of sense.” – Karl Case of Case Shiller New York Times 9/1/2010
And then there is this:
“With all the teeth-gnashing over the real estate bubble, the bust and the mortgage mess, you can be forgiven for failing to notice this little tidbit: Housing had a superb decade.” – Forbes.com 12/06/2010
Are you ready to take advantage of one of the best times in history to buy a home? Sure it makes financial sense, but what are the real reasons? According to a recent housing survey here are the major reasons for purchasing home: