Is It Time to Buy a Home?


The latest Case-Shiller index showed that house prices have now fallen back to 2002 levels nationally. Mortgage rates have dipped to 4.5 % which is near a 50 year low. These two factors alone make homes more affordable than they have been in years. For those buyers who are waiting on the sidelines to see if prices will go lower, this article from the Wall Street Journal explains why further price declines may continue in the short term due to the huge amount of foreclosed homes that weighing on the market. It goes on to explain why the timing to buy still makes sense now. Read article

 


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