Is now the time to buy?
Posted on June 17th, 2009 by Rebecca Fuller
Pros:
If you’re a first-time homebuyer, there are plenty of incentives for you such as the $8,000 tax credit. All buyers have a lot of inventory to choose from. And interest rates are expected to remain low.
Cons:
No one can be sure if we’ve hit bottom yet, so a house you buy today could still lose value. Also, standards have tightened on lending in an effort to avoid what got us in the mess in the first place.
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