Judie pointed out an interesting article that appeared in the June 4, 2011, Wall Street Journal, entitled “Why It’s Time To Buy”. I can’t repost it, but if you click here, you may be able to read the whole article before it is only accessible with a WSJ subscription.
The article mentions the following. Mortgage rates are near 50-year lows. Homes are more affordable, and there are lots of them available, making this a buyer’s market. There are predictions that prices will fall in the coming month but will begin to edge upward in 2013. The article then continues by discussing the drivers of the housing market – demographics, affordability, loan availability, employment and psychology – and how they interact to affect the market. Read the article.