Buying is more Affordable that Renting

The "perfect storm" of opportunity for first time homebuyers is slowly closing.

The perfect storm:      lowest home prices

                                 lowest interest rates

                                 over supply of homes on the market. 

Home prices have leveled off and in many markets starting to rise. Interest rates are hovering at historic lows and will probably remain until the economy is gaining steam. If you see interest rates starting to move higher --- BUY! Inventory again is the problem for buyers. The lack of choice requires buyers to make concessions on features or location. Homebuyers must also act rather than continue to look. If they procrastenate, the home may no longer be available. Please forward this post to your contacts.