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With unemplyment above 12% in Punta Gorda and fast approaching that number throughout the state, it is fair to say, there will be a better time to buy soon enough.
Yes there are pockets of improvement scattered throughout the country, but the fact remains that shelter remains too expensive no matter where you are and it is far better for everbody that prices continue to fall. It should not take two incomes to put a roof over your head.
Sunnyview's answer was the best i read. Depending on your circumstances this may be a good time to buy, but do look before you leap. Whatever you decide....GOOD LUCK !!
The Oregon Assoc of Realtors have been pushing for an extestion
mrball,
I'm not sure what part of the country you are in, but in most areas we are starting see what could be the "BOTTOM", of course only time will tell.
Is it a good time to buy is completly based on your own situation. If you are making rent payments of $800 a month - that's $28,000 in three years that you are paying to your land lord to pay his mortgage. Here in Central Oregon that payment could by you a very nice 3bd/2ba home and you could be putting that money to work for you.
As for the the tax credit. There is talk about extending through April and give those who are in contract by that time until June to close. Again we are all waiting to see if this will happen, but with or without it, it is my opinion that this is one of the best "BUYERS" markets we may see for a long time.
Thansk
Bob
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mrball
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I wanted to know is now a good time to buy a home? I'm a first time buyer and want to take advantage of the $8000 tax credit. I know that it's going to end Dec1,2009.
Will there or is there already a decision made to extend the expiration date?
Will it still be for first time home buyers only?
Thank you
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