Homes still a good investment?

It is now probably the best time to buy...though what you hear regarding depreciation you have to take that with a grain of salt as reports are usually national. You have to look closer to your region and more specifically the neighborhood that you are considering to see which direction appreciation is going. Most areas have bottomed and prices can only go up which can cost you more as well as rates have moved up from their all time lows which also costs you more. So advice is to get off the fence and shop! Contact me for a no obligation mortgage consultation...

I think that you can find economists on either side of any argument. It just depends what and where you are reading.As far as being a good investment, that will likely depending on the time you intend to hold it. If you are looking at buying a house and holding it for 15, 20 years or longer than you should certainly expect to experience an appreciation in value. The current housing market may be flat or slightly declining but it is safe to say we are either at or very close to the bottom.Whiter you are considering stocks, houses or Teak trees in Brazil; when the prices are down and have been for a while the majority of people will always be quick to look at that market as a bust BUT the time to buy is when the prices are down. That time is now. The time to sell and avoid buying is when the prices are high (when everyone else is buying).When you consider the tax benefit of home ownership (tax deductible interest, property taxes, energy credit) and the current level of interest rates I believe it is very unlikely that are could possibly save by renting.

Interest rates are lower now than you will see them in the future. The amount of interest can play an important role in the actual 'cost' of owning a home. If you buy the home right, you should see a good investment. Renting is literally just throwing money away. Even if property values dip a little more, you still have a big upside when they do recover and they WILL recover. It is no different than investing in anything else. When you buy investments, waiting until you think the market is at it's low point generally disappoints.866-901-3576 Pat McCarthy Northpointe Bank

I am licensed in AZ and can help you get pre-qualified. I also have a good tool I can sedn you to calculate Rent v. Buying. In my opinion, Houses are now so affordable and while rates are so low I would recommend buying now. I have seen data from various sources, that it is clear that the Real Estate market has stablized and bottomed in Arizona. I would recommend seeing what is out there. I can help, let me know. Matt Baker of The Baker Team at Cobalt Mortgage 480-747-6116

Right now is a great time to buy. What area are you in? It is a buyers market and you can call the shots. Get in touch with me I have some ideas for you. Thanks