Monday, March 26, 2012

CNN Money: "Buy Now"

CNN Money gives a pretty clear answer to the eternal question in real estate, Should I buy or rent? "The answer has never been clearer: Buy" CNN Money advises. In 98 of the top 100 housing markets, buying a home is more affordable than renting, according to the huge online real estate company Trulia. Only Honolulu and San Francisco buck the trend.

CNN Money repeated the 3 main reasons that make it a logically excellent time to buy now (which I have been saying for a while!): 
  1. The low home prices are falling
  2. Mortgage interest rates are at historically low levels
  3. Rising rents

Got concerns or questions? Email Jonathan