Is it time to buy?

Yes.

In 1980 I experienced my first layoffs as a young engineer in corporate America. My wife and I just got married and within 6 months of renting, we bought a townhouse. I hated renting and wasting money! Our mortgage rate was 11.5% FHA !!!! In 1983 I took my second position near Boston and my mortgage rate was 16% !!!!

Sound familiar !!! Times are bad, the recession is hurting a lot of people. My advice is to get into the real estate that you need or want and stay there for awhile. Whether you need to upsize or downsize if you wait for prices to drop, rising mortgage rates will eat up the savings. Mortgage rates are 5% now but by next year with hyper inflation ( a given after a recession ) mortgage rates could easily be double digits !!

First time home buyers get a $8000 tax credit if purchased by April 2010 and repeat buyers (lived in current home for 5 years) are getting a $6500 tax credit.

It's a buyer's market, the best time to buy, or sell and buy ! Call us for details.

Gary Jan 2010