Is now the time to buy?

[Casa]

The question that everyone seems to have an opinion on nowadays is, is now the time to buy?

Some would consider this a simple question, those people would not be in the market for a home right now. Those of us who are either shopping for a new home or who works in real estate have spent hour after hour wrestling with this question (insert sleepless night here).

In the investment world, professional investors know there is no such thing as a bottom because you won't know where the bottom is until the market, industry, etc is on it's way up.

The most successful investors look for "Safe Zone" where there is a leveling out of fundamentals.

"Safe Zones" are only part of the equation, as many of us are not professional investors. Most of us wake up to “Chicken Little” affect on a daily bases. National news media obviously make their money on negative news (I remember one of my fav’s, is the threat level red or yellow today), our friends and family always have their opinions, but most them just regurgitate the national news media reports, and then we have the professionals within the industry whether pundits or those we use as realtors, attorney's, mortgage brokers etc.

With so much negativity out there is this perception holding us back from making our own decisions? Every day we are starting to see glimmers of change. From jobless numbers being better that anticipated (still not good, but better), interest rates are so so low, and home prices are far more affordable than they were just a year or so ago. Home sales were up 5% last month when they were expected to be in the negative and so on.

With all this being said, what do you think and why? Is now the time or are you going to wait?

[noons]

The answer for me is yes.

I think if you have tolerance level for the roller coaster ride, than by all means I would jump in. The deals out there are so good!

Could the market drop more, sure, it could also start going up.

The "safe zone" thing is so true. If you have the money, the credit score, the job and know you can get financing why would you wait?

Things are looking up!

[noons]

There is no such thing as the perfect home, unless you build it yourself.

[Gena]

There is no such thing as the perfect home, unless you build it yourself.

+1

There always seems to be a compromise we must make in orde to get what we want.

The key is not to compromise too much.

[Unregistered]

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[real estate wrangler]

I'm def seeing an uptick in traffic.

The studio and one bedroom market is showing the most promise. This is due to the government rebate for first time homebuyers.

I have also seen some movement in the lux arena. Serious discounts there due to the beating they takin over the last year and a half.

I firmly believe this fall will be very exciting, no fluff here just straight talk.

[Unregistered]

I think it's a good time to buy.

Interest rates are still super low. Regardless of what the FED says about keeping them down, they have to go up at some time.

The problem is still the banks loosening up their belts and open their lending doors. This has begun slowly, but the FHA loans are always an option especially in this area with their far higher maximum loan limits.