Is Now the Time to Buy? Taking Advantage of the Housing Slump
Despite the current downward trend of the housing market and the tightening of credit standards by mortgage lenders, many in the industry agree that now may be the perfect time to buy for those who have been waiting for bargains in the housing industry. Record numbers of unsold houses sitting on the market, plus a record number of foreclosures, mean that there are a number of properties that just a few short years ago may have been outside of your price range that you can now comfortably afford. How can you as a smart home buyer take advantage of the current housing market and get the home of your dreams without worrying about losing your shirt?
What goes up must come down. We are seeing this age old piece of wisdom come true in the housing sector as years of rising housing prices have finally come crashing down to more affordable levels. Thanks in part to an oversupply of housing on the market and strengthened by the sheer number of foreclosed houses showing back up on the market – the time is right if you can afford it to consider making the jump and buying a house.
Not only does the...
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