6 Reasons Why It's a Good Time to Buy.
The housing market is looking healthier. Here are 6 reasons why now is the time to jump into the market:
1) Uncle Sam is willing to help.
1st time buyers (anyone who hasn't owned a home in 3years) are entitled to a maximum $8,000 tax credit; Interest rates are at record lows; and the Federal Reserve
is doing it's best to make mortgage loans available.
2) People have to live somewhere.
About 800,000 new households are formed each year.
3)Borrowers leverage their investment.
If you put $10,000 into the stock market and it earns 10%, you've earned $1,000. If you put $10,000 down on a home and it's value increases 10%, you've made $10,000.
4)When prices come back up , you'll have instant equity.
5) Mortgage costs stay the same.
If you get a fixed mortgage , the monthly payment stays the same -while everything else goes up.
6) You own it!
Source: realtor.org/realtormag 3/30/09
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