As the President’s First Time Home Buyer Credit and its extension covering repeat home buyers draw to their close, and as mortgage rates start to rise, the question of whether it is financially advisable to buy a house or to rent one has become important again. Most financial advisers suggested renting when house prices were sky high, but that is set to change following much upheaval in the housing market. [Read more…]
Is This the Right Time to Buy a House When the Economy is Down?
The subdued activity in the housing market continues to give nightmares to economists and policy makers, but it actually presents you with a good investment opportunity for your retirement or big future expenses like your children’s education. The time seems right for investing in a home, because the prices are still low following the crash in the housing market. [Read more…]
Is This the Right Time to Buy a House?
Property prices have been falling for a long time now and interest rates too are at extremely low levels. In addition, the government is offering a one time tax incentive to home buyers. Is this historically the best time to buy a house? Many industry insiders believe so. [Read more…]
