No Need To Rush To Buy
Interest rates are at record lows, housing is more affordable than it has been in nearly a decade and multiple offers are in the air.
Kiplinger.com recently reported the monthly cost of owning a home is far cheaper than renting, given the recent spikes in rent. At current mortgage rates, home prices would have to rise by 35 percent to tip the scales.
It appears the housing recovery is afoot, but that rush-to-buy-before-the-bargains-are-gone mentality may be misplaced.