A recent article in the Baltimore Sun says yes, now is the right time to buy. According to Christopher Thornberg, interests rates are continuing to come down and housing prices are at some of the lowest they’ve been. He says “affordability is at record levels” and “you have to be in long term.”
He also explains that we should start to see improvement in the housing market. Thornberg states, “We’ve burned up excess supply, foreclosures are starting to decline, income is starting to rise, jobs are starting to rise. Housing should start to turn the corner this year…”
Valuable information and very nice to see so many articles pointing to an improved housing market in 2012!
