In 2006 the high prices and higher interest rates restricted many buyers from purchasing. As the market started to deteriorate, which resulted in declining values and lower interest rates, many buyers have been taking advantage of the market.
But still the opportunities are not being seized by buyers and some real estate professionals feel that it's because there is confusion in the marketplace. Buyers are uncertain whether they would qualify and whether now is a good time to be purchasing a home.
All markets are different and every situation is different. The only certain way to determine would be to investigate your individual situation. You owe it to yourself and your family to visit with a real estate professional who can show you the real cost of housing and recommend a lender.
Real Estate long term has always been a good investment. Take advantage of the low rates and home prices today.
You're Right. It really is easy, Free and worth it to meet with a Realtor and her/his lender to see what they would qualify for. My buyers are surprised to see that the mortgage payments are right around what they are renting for. Good blog by the way ;)
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