Home Sales Predicted To Increase 15% Next Year
This is great news if the National Association of Realtors is correct. Either way, it is a positive headline and a lot of the recovery is consumer confidence.
I just wonder how much of their prediction is based on the tax credit. I think many people and groups are putting too much emphasis on the tax credit and more of it should be place on home affordability. I wanted to say interest rates too but rates are what are helping to make homes affordable.
Anyway, if you are looking to buy now and plan on staying in the home for at least 5 years, now is the time to do it. If not, keep renting, there is nothing wrong with it especially if you haven’t saved much money.