Now is a great time to invest in home ownership. Are you going to be in the same location for the next five years? Are your finances in order and credit good?
The housing prices and interest rate are in a short period of down turn. Since the exact moment to best purchase a home cannot be predicted now may be time to evaluate your financial situation and invest.
In Dan Kadlec's article in Time Magazine Titled "Ignore The Headlines" he compares an example of purchasing now as opposed to waiting a year. The fact that the interest rate likely will be up and the price of the home may be down points towards no benefit in waiting. Your payment may be similar without enjoying the earlier period of ownership.
Pay attention to the facts not the headlines when hearing the media scare us about the real estate market. If you are in a good financial situation then the fact that the market is in its current condition means it may be a positive move toward investment.
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