Simple answer is absolutely! The interest rates are ridiculously low and most likely will not get any lower. Inventory is on the lower side but there are still some nice homes available at good values. Concerns that will always be out there are where is this market going? You are always going to ask yourself this question and if there was certainty in anything everyone would be doing it. Is your job safe is another concern; well only you can answer that? If you have concerns regarding your job status research it more. Talk to your employer and let them know you are planning to buy a house. Maybe you want to save more money, well by the time you save enough money this market might pass you by. In another year or two the short sales and foreclosures should be cleared up and growth should begin. Yes interest rates will rise but they would have to double to maybe have an effect on prices. The government knows the economy needs real estate to come back and they will keep rates attractive. In the late 1990’s and early 2000’s interest rates were 7-8% and that was at the start of the boom. Homes will still sell when rates increase. Take a leap of faith and do it!
