Is now the best time to buy a home? I’m seeing more “buy now” before the market and interest rates climb. From the looks of current interest rates, at around five percent, we may have seen the bottom of that graph. Then again, we thought in April of last year we might be looking a the bottom of the real estate market too but it has continued to decline. For every “buy now,” there is a “you’re nuts if you buy now.”
The Portland Housing Blog forum has a group of readers who have some good analysis and are firmly in the wait-the-market-out-camp and look out if you have anything positive to say. There’s no love lost between them and me (illustrated on page 7 of the comments) so take it for what it is.
Daily Wealth leans the other way with Now is the Best Time in History to Buy a House.
The truth probably lies somewhere in between. So do everything you can to educate yourself in light of your own situation. Have a great week.