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Is it good time to Buy a House!

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Is buying a house good investment at this time?
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July 01 - US
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Orin Sherman MBA

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Yes, but be sure to negotiate some padding.
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0 Yes

July 01
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Yes
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July 01
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arnie84

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is this a serious question??  Rates have gone up & haven't effected prices enough yet so........um.........yea whatever
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1 Yes

July 01
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It is depended on your area's real estate market, it's good to invest in Los Angeles, CA right now, because of under price of house compare with the inflation and cheaper the mortgage payment then rent, it's not easy to buy at lower $500k range due to not available houses on the market, however, you may want to wait to early next year.
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0 Yes

July 01
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Real Estate Investments, "Marco Santarelli"

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Yes, without a doubt!  Money is very cheap today, and there are tons of good deals out there.

Good luck,

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1 Yes

July 01
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Pasadenan

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Yes, it is an EXCELENT time for the original poster to buy my house for $4 million, which is a DISCOUNT of 38%   Better hurry and buy, as this "offer" will not last!

As for Marco and Orin, it is not as good a time for you, but still a VERY good time to buy, as either of you can buy my house for $4.2 million.  Better hurry, the "offer" is good for this week only!
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0 Yes

July 01
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NTETS, "Caveat Emptor"

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this is the market for serious investors with depth of knowledge. this is not the market for the general public. there are good deals out there, but most people are getting fleeced still. if you are unsure, wait. the market will continue falling for 2 more years at least.

interestingly enough, from 2007-2009 i have had the same 5-7 year prediction, this is based on the actual mortgages issued during 2005-2007, and hasnt been influenced in the slightest by micro economic changes. 2012-2014 will be the time to buy.
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0 Yes

July 02
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jkonstant

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This could be the worst time ever to buy a house no matter how great a deal you believe it is. Anybody considering it should read and understand what is coming thanks to the Clean Energy and Security Act. Good luck selling in a few years.
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1 Yes

July 02
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dougrosiepostal

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People are looking for the best place for their money.Housing isn't one of those places.But if you need a place to live,Tampa as far as a metropolitan area is one of the cheapest areas your going to find in the country.Tampa has a lot to offer young adults and old.If you can afford piti go out and make a deal cuz their are allot of people that want OUT.And home prices are not going to fall that much farther if any at all.Doug
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July 02
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Roberto Ribas, "azrob"

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"homes are not going to fall much farther if any at all"

you have to love statements like that. No reasons, no data, no support, nothing...

Homes are going to fall... because... because I said so!

Let me guess, Harvard debate team?
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2 Yes

July 02
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Preston Ware, "Preston Ware"

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Units sold in California last month was up 32% over the previous year. This could be a sign we have turned the corner on the bottom of the correction
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July 02
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Michael Emery, "MikeEmery"

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Americans have got to stop thinking of their homes as an investment. Homes are places to live in, raise a family and make memories. Our parents and grandparents lived in their homes for 40 to 50 years and didn't worry about whether it was a good 'investment'. It was a place to make a life.

If you want to invest, put your money in the stock market. If you want a place to live, buy a home.
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July 02
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Roberto Ribas, "azrob"

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I'll see your pathetic 32% increase in sales, and raise it by an 85% increase in mortgage delinquencies...
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July 02
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Marilyn Bell, "MarilynBellSells"

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While I won't claim to know the bottom, I can say a lot of data suggests this is the bottom.  It doesn't show a rebound, but suggests real estate is flat.

Interest rates are still low.  Banks aren't selling foreclosures for peanuts.  The government is doing everything it can to artificially hold the bottom up with their $8,000 tax credit and bank bailouts (which may be why banks and asset managers aren't just giving away foreclosures anymore).  There's even talk of expanding the tax credit to ALL buyers.  That would prompt me to buy a couple more.  I've been seething that I never got any free money when I bought my first house!

So, it is still a GREAT time to buy.  This is the best time so far in my lifetime.  Will this be the best time?  Who knows?  Will there be an even better time later?  Maybe.  But, today, as it stands, it's a great time to buy. 

One disclaimer, I'm in Nashville, TN where our housing market i spretty stable. We've taken a bit of a downturn, but nothing like Los Angeles, Las Vegas or many cities in Florida.
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July 02
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Pasadenan

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How can it be the "best time" when "foreclosures" are still selling for 3 times the List price from 2001, and the homes that were listed in 2001 in the neighborhood stayed on the market for 2 years!?

Anyone that has looked at "season clearance" sales in department stores, and knows the seasons, and has looked at inflation trends and present pricing compaired to inflation trends, AND supply verses demand....  knows that prices will drop much futher than present throughout most of the country.

The only things that will prevent that are:
1) destruction of homes through fire, flood, bombs, or similar. (to lower supply)
or
2) opening the borders so that there are sufficient qualified willing buyers to increase demand.

There is absolutely no way the present population can use all the present housing stock at present pricing with the economy and jobs market the way they are.
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July 02
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loansbytracy

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I would have to say yes - this is a great time to buy lots of great deals out there, plenty of room for negotiating.
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July 02
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edtilton

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Depends on why you want to buy. If you plan to live in the house for 7-10 Years, buy. If you have Cash and someone to live in the house for 5 years, Buy. If you are speculating every dollar you borrow equals $3.60  of debt, Don't Buy
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July 05
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Michael Russell, "real estate mike"

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Sure why not; at the right price.
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July 05
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edtilton

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Well Mike "that's how we got where we are" seems to ring a bell. What will you do if the market doesn't rise for say ten years?
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July 06
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So, it is still a GREAT time to buy.  This is the best time so far in my lifetime...

How old are you?? 

7 ??

Look, you're a young girl, but, you ain't that young.

Why is it when I could buy 4 unit apartment buildings (which I did btw) yielding 20% (net), it was considered 'risky'.  But now when the same building is yielding negative 12% it's considered a 'great time to buy, make up the negative cash flow on appreciation' by the same folks who were against the 1999 purchase??

Truly remarkable.

I think we're at the beginning of the end of Universal Suffrage as a source of liberty and good since I can only cancel out one 'thinker' like this at the ballot box...as it seems I'm out numbered.

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July 07
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Joe Matthews, MBA, "Service and Rebates!"

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I would say yes. As in any investment, there is an element of risk, especially in the short run. But in the long run, you should be OK and will make tons of money if you buy the right house at the right price

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July 07
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Your post seems less informational than self promotional and the weblink to your site is generally discouraged by Zillow. Zillow has a video to help you market yourself on the advice forum here that might help.
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July 07
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Joe Matthews, MBA, "Service and Rebates!"

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Thank you sunny.  I appreciate the information.
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July 07
 

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