Posted July 14, 2009 by

TO BUY OR NOT TO BUY

That is definitely the question of the year when it comes to real estate and that's what I'll be blogging about over my next few entries.

Over the last couple weeks, I've probably heard the following phrase more times than I've heard Michael Jackson songs on repeat on the radio, "It's a GREAT time to invest in real estate!!". People are hesitant to buy a home in times like these, but if you're brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime.

Reason Number One of Five of Why To Buy in 2009.

1. Affordability is at it's best: According to the National Association of Realtors' housing affordability index, homes were more affordable in December of 2008 than at any other time since the group started the index in 1970. Housing prices have dropped and mortgage rates remain low, but if you decide to buy, make sure you are in it for the long haul because those prices are probably not coming back anytime soon. Moody's predicted that home prices will stabilize by December of this year, while the Case-Shiller house price index predicted prices will fall another 11% from the fourth quarter of 2008.

• Categories:
• economy,
• future of real estate,
• interest rates,
• investment,
• opportunities