The debate continues about when is the best time to buy a home…when prices are down, when prices are rising, when interest rates are down or when interest rates are rising. When prices and rates go up, there is a fear that if one waits, it will be much more expensive to buy.
When prices and rates are down, greed comes into play, and the strategy is waiting until the prices or rates have hit rock bottom. Well, we hit bottom a few years ago, and there aren’t really any signs in our market that prices or rates are going to head downward anytime soon. So, what are the logical reasons that you should buy when it makes sense for your life and when you are the market for a home for the long term.