Great time to buy a home?

In one word, absolutely. I know that some are not sure where the prices are heading and
where they end up. That does not change my opinion one bit. There are a few things to
remember about a purchase for your own living or as an investment. If you look at the
interest rate and the prices that homes are selling now you cannot go wrong even if we have not hit the bottom. Remember it costs more to build it than you can buy it for now.
Try to get a quote on building on a lot with all the costs that go into having a home built.
Then look at what you can walk into the home for in less than 45 days. The interest rate we are all using is now a 30 year fixed so we know where the payments are going to be over the next 30 years. Some prices I am seeing are the prices that were being sold in the
1980’s and the 1990’s. We are in 2010! In the 1980’s there was a double digit interest rate. We are in the 5% range. If you are in a position to buy now I suggest you do.

What about investors? Well is you look at your bank statements with what you are earning(Keep tissues nearby) then you can see that there has to be a better way to make that money grow. I have buyers now that are making between 8-15% return on their financial investment. Yes they have to be a landlord but at that rate who wouldn’t . In 6-7
years the renters pay off your whole investment and then when the market has turned and it is a good time to sell you sell. There are tax write offs that you can also deduct. Keep your money in one of those accounts and see what % you get now a days, less than 2% I would bet.

Great time to own some real estate, I would say. Of course I am a Realtor and would say that, but you tell me why this in not a good time to buy.