WSJ Great piece on Why Its Time to Buy
By Brin Realty Associates Team At Bean Group, Amherst NH homes and Southern NH real estate
(Bean Group | Brin Realty Associates)
A great article this week by the Wall Street Journal titled, Why its Time to Buy. This is a must read in my book. Well written, thoughtful and an in depth look at what is happening in real estate 2011 and where we go from here. http://online.wsj.com/article/SB10001424052702304563104576361522020024248.html?mod=wsj_share_linkedin While overall prices fell 7.5% last year, take the foreclosures out and its a mere .5% which is many cases is just off the bottom. Household formations expected to rise and of course this impacts entry level buyers coming into the market. Home prices to income, homes are more affordable today, 12.5% lower in fact than the period 1989-2004 average. Rising rents and falling house prices make home buying more attractive. Signs of how a stronger job market could fue...
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