I have been watching the media and listening to all that is going on in our economy and housing markets, and this question keeps coming to my mind.  We are still hovering around ALL TIME LOW interest rates that will surely start going up as soon as the economy has signs of improvements.  60 minutes had Ben Bernanke on their show a few weeks back and after hearing about his interview its clear that as housing improves, interest rates will have to go up.  So, that really is the million dollar question.  Should I buy a house now, or should I wait and see if prices fall ?  But what if interest rates go up then where do I stand ?   This chart REALLY shows the benefits of buying a home now vs waiting.

So if the interest rate increases 1% (which can  happen very quickly as the markets change) you will have to see prices drop another 10% just to "break even" from buying now!!

For more information or to find some homes that really make sense to buy now, give us a call.  Now may be the best time that we have seen to invest in real estate