The best time to buy a home might be now

1. Interest rates: "With 30-year interest rates hovering under 4 percent and 15-year rates under 3 percent, these are tremendous times to be able to purchase a home at a decreased value with a fixed, low-interest rate payment"

2. Low prices: "Housing prices in the Dallas area are, on average, at about the same level they were in mid-1997, The major drop in the housing index a couple of months ago could have been a sign of people finally giving up and taking a much lower asking price for their homes."

3. Return on investment: Buying now could reap better returns than the financial markets. "If you have significant amounts of money stashed in bonds and money market funds, you're probably sick and tired of our historically low interest rates, "But on the flip side, if you're also in the market to buy a home, you can put these low rates to work for you by making your move now."

4. Getting a loan: Your prospects might be improved. "As the pendulum swings back and forth, banks are now becoming more willing to lend money than they were two years ago"
  • November 13 2012 - Dallas
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