Is this the right time to buy a home? It might just be. Homebuilders are still building, the economy is slow but still humming along and homes are more affordable now due to the drop in values.  It is a big step to take, but with 'REPO' Buses running around, the current low may be at hand. Outlying areas of California have declined in price as much as 48% with the national average home price declining almost 20%. The last big decline in home values in 1991 saw home values decline 20% as well.
This could be the bottom. If not, at least you will get a good deal on your new home.
Labels: bank, buying a home, finance, home, loan, loans, money, mortgage, mortgages, podcast, podcasting |
