My New Blog

I was asked by a friend at the gym if it was smart to buy a house now. Being a salesman that makes his living off of home financing, my obvious answer as it has been for nearly 15 years, was "absolutely".

Well this time it is absolutely a great time to buy a home. In my market, Indianapolis, we've not seen a large depriciation in prices. That is probably because we live in the most affordable housing market in the country. The median home price in Indianapolis is roughly $140,000 about $100,000 less than the national average.

The bank and government owned homes in the city are priced well below market value. Homes that sold for $100,000 a few years ago that need minor repairs are going for two thirds as much. When you add to this the first time homebuyer tax credit and interest rates hovering around six percent, you have one of the best times ever to be a home buyer!

Most experts agree that we are at or very near the bottom of the housing downturn. And when is the best time to buy? NOW!